United Kingdom: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in the UK

For the third consecutive year, the UK meat-preparation industrial machinery market recorded growth in sales value, which increased by 35% to $X in 2022. Overall, consumption enjoyed a prominent expansion. Meat-preparation industrial machinery consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Meat-Preparation Industrial Machinery Production in the UK

In value terms, meat-preparation industrial machinery production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 116%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from the UK

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry increased by 15% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports dropped dramatically to $X in 2022. Overall, exports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 41% against the previous year. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Oman (X units) was the main destination for meat-preparation industrial machinery exports from the UK, with a 43% share of total exports. Moreover, meat-preparation industrial machinery exports to Oman exceeded the volume sent to the second major destination, the United States (X units), threefold. Ireland (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled +74.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.5% per year) and Ireland (-1.0% per year).

In value terms, the United States ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from the UK, comprising 26% of total exports. The second position in the ranking was held by Oman ($X), with a 12% share of total exports. It was followed by Ireland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+70.1% per year) and Ireland (-0.7% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, shrinking by -47.2% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 an increase of 66%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Morocco ($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 Myanmar (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into the UK

In 2022, supplies from abroad of industrial machinery for the preparation of meat or poultry increased by 61% to X units, rising for the sixth year in a row after two years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 63% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 75%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest meat-preparation industrial machinery supplier to the UK, with a 36% share of total imports. Moreover, meat-preparation industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+40.1% per year) and the United States (+28.6% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to the UK were Germany ($X), the Netherlands ($X) and the United States ($X), together accounting for 69% of total imports. Denmark, Austria, Italy, Poland, Ireland and France lagged somewhat behind, together accounting for a further 20%.

Austria, with a CAGR of +39.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, waning by -21.8% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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