United Kingdom: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in the UK

For the third year in a row, the UK footwear making machinery market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Footwear Making Machinery Production in the UK

In value terms, footwear making machinery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Footwear Making Machinery Exports

Exports from the UK

In 2022, footwear making machinery exports from the UK soared to X units, picking up by X% on the year before. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% 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 stood at a somewhat lower figure.

In value terms, footwear making machinery exports surged to $X in 2022. Overall, exports posted modest growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X units) was the main destination for footwear making machinery exports from the UK, with a X% share of total exports. Moreover, footwear making machinery exports to Thailand exceeded the volume sent to the second major destination, Vietnam (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

In value terms, Thailand ($X) remains the key foreign market for machinery for making or repairing footwear exports from the UK, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average footwear making machinery export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Norway ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Making Machinery Imports

Imports into the UK

After two years of growth, overseas purchases of machinery for making or repairing footwear decreased by X% to X units in 2022. In general, imports saw a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, footwear making machinery imports soared to $X in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of footwear making machinery imports to the UK, with a combined X% share of total imports. Germany, Poland and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear making machinery suppliers to the UK were Italy ($X), Spain ($X) and Germany ($X), together comprising X% of total imports. China, India and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X.1%, recorded the highest rates of growth with regard to the value of imports, 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 footwear making machinery import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price saw prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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