United Kingdom: Hydraulic Press Market 2024

Hydraulic Press Market Size in the UK

The UK hydraulic press market contracted dramatically to $X in 2022, reducing by -34.7% against the previous year. In general, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Press Production in the UK

In value terms, hydraulic press production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of 542%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hydraulic Press Exports

Exports from the UK

Hydraulic press exports from the UK declined remarkably to X units in 2022, which is down by -34.6% compared with the previous year. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic press exports shrank to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 73%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Poland (X units) were the main destinations of hydraulic press exports from the UK, together accounting for 56% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for hydraulic presses for working metal exports from the UK, comprising 31% of total exports. The second position in the ranking was held by Spain ($X), with a 7.9% share of total exports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.4% per year) and Italy (+1.6% per year).

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, jumping by 33% against the previous year. Over the period under review, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of 138% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into the UK

In 2022, the amount of hydraulic presses for working metal imported into the UK reduced remarkably to X units, falling by -31.8% against 2021 figures. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 358% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic press imports contracted markedly to $X in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 640% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to the UK, accounting for a 40% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), twofold. The third position in this ranking was held by the United States (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+6.2% per year) and the United States (-0.5% per year).

In value terms, the United States ($X) constituted the largest supplier of hydraulic presses for working metal to the UK, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.9% per year) and Finland (+4.7% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, rising by 8.8% against the previous year. In general, the import price saw a notable expansion. The most prominent rate of growth was recorded in 2015 an increase of 475% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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