United Kingdom: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in the UK

In 2022, the UK sugar-manufacturing industrial machinery market increased by 114% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a slight increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Sugar-Manufacturing Industrial Machinery Production in the UK

In value terms, sugar-manufacturing industrial machinery production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Sugar-manufacturing industrial machinery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from the UK

In 2022, the amount of industrial machinery for the manufacture or preparation of sugar exported from the UK dropped notably to X units, reducing by -31.3% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 2,389%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports expanded sharply to $X in 2022. In general, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 1,726%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Mauritania (X units) and Germany (X units) were the main destinations of sugar-manufacturing industrial machinery exports from the UK, with a combined 76% share 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 Germany (with a CAGR of +1,100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from the UK, comprising 52% of total exports. The second position in the ranking was held by Denmark ($X), with a 14% share of total exports. It was followed by Mauritania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +94.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+733.7% per year) and Mauritania (0.0% per year).

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, with an increase of 61% against the previous year. In general, the export price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of 89% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the 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 Denmark ($X per unit), while the average price for exports to Greece ($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 Denmark (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar-Manufacturing Industrial Machinery Imports

Imports into the UK

For the third year in a row, the UK recorded growth in purchases abroad of industrial machinery for the manufacture or preparation of sugar, which increased by 1,414% to X units in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 6,113% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sugar-manufacturing industrial machinery imports soared to $X in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 803% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to the UK, accounting for a 65% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest.

In value terms, Italy ($X) and China ($X) were the largest sugar-manufacturing industrial machinery suppliers to the UK.

Among the main suppliers, China, with a CAGR of +38.6%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, dropping by -56.7% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 2,645%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%).

Source: IndexBox Platform

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