United Kingdom: Machinery For Packing Market 2024

Machinery For Packing Market Size in the UK

In 2022, the UK machinery for packing market increased by 53% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.8% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Machinery For Packing Production in the UK

In value terms, machinery for packing production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Machinery For Packing Exports

Exports from the UK

In 2022, exports of machinery for packing or wrapping from the UK fell notably to X units, declining by -16.5% on the previous year's figure. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of X units, and then declined remarkably in the following year.

In value terms, machinery for packing exports fell dramatically to $X in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Ireland (X units) was the main destination for machinery for packing exports from the UK, with a 50% share of total exports. Moreover, machinery for packing exports to Ireland exceeded the volume sent to the second major destination, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.0% per year) and the Netherlands (+19.1% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for packing or wrapping exports from the UK, comprising 28% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.2% share of total exports. It was followed by Morocco, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.2% per year) and Morocco (+26.8% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, shrinking by -8.5% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the average price for exports to Ireland ($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 the United Arab Emirates (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into the UK

In 2022, supplies from abroad of machinery for packing or wrapping increased by 16% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +48.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, machinery for packing imports totaled $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +58.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X units), Italy (X units) and Germany (X units) were the main suppliers of machinery for packing imports to the UK, together accounting for 65% of total imports. China, Ireland, Taiwan (Chinese), San Marino, Denmark, Spain, France and the United States lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing suppliers to the UK were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 70% share of total imports. France, Spain, China, Denmark, Taiwan (Chinese), Ireland, San Marino and the United States lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Denmark, with a CAGR of +56.1%, recorded the highest growth rate of 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 machinery for packing import price amounted to $X per unit, reducing by -1.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Ireland ($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 United States (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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