United Kingdom: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in the UK

The UK air or gas liquefier market soared to $X in 2022, rising by 63% against the previous year. Over the period under review, consumption, however, showed a slight setback. Air or gas liquefier consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in the UK

In value terms, air or gas liquefier production fell to $X in 2022 estimated in export price. In general, production, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%. Air or gas liquefier production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports from the UK

In 2022, approx. X units of machinery for liquefying air or gases were exported from the UK; which is down by -50% on the year before. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 40%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, air or gas liquefier exports fell markedly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for air or gas liquefier exports from the UK, with a approx. 50% share of total exports.

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

In value terms, China ($X) remains the key foreign market for machinery for liquefying air or gases exports from the UK, comprising 15% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6% share of total exports. It was followed by the United States, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-14.1% per year) and the United States (-22.1% per year).

Export Prices by Country

In 2022, the average air or gas liquefier export price amounted to $X per unit, falling by -30.3% against the previous year. In general, the export price saw a abrupt descent. The growth pace was the most rapid in 2021 an increase of 34%. The export price peaked at $X per unit in 2015; however, from 2016 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 China ($X per unit), while the average price for exports to Kazakhstan ($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 Brunei Darussalam (+208.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into the UK

In 2022, supplies from abroad of machinery for liquefying air or gases increased by 100% to X units, rising for the third year in a row after four years of decline. In general, imports recorded a moderate increase. The pace of growth was the most pronounced in 2013 when imports increased by 267% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports surged to $X in 2022. Over the period under review, imports posted notable growth. The growth pace was the most rapid in 2013 with an increase of 233% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air or gas liquefier to the UK, accounting for a approx. 50% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.4%.

In value terms, China ($X) constituted the largest supplier of machinery for liquefying air or gases to the UK, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.7% per year) and the Czech Republic (-3.7% per year).

Import Prices by Country

In 2022, the average air or gas liquefier import price amounted to $X per unit, surging by 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 85%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+93.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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