United Kingdom: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in the UK

The UK food manufacture machinery market skyrocketed to $X in 2021, rising by 19% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Food Manufacture Machinery Production in the UK

In value terms, food manufacture machinery production expanded to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 with an increase of 39%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Food Manufacture Machinery Exports

Exports from the UK

Food manufacture machinery exports from the UK expanded notably to X units in 2021, picking up by 9.7% on 2020. Over the period under review, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +3.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, food manufacture machinery exports expanded significantly to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for food manufacture machinery exports from the UK, accounting for a 23% share of total exports. Moreover, food manufacture machinery exports to Australia exceeded the volume sent to the second major destination, the United States (X units), twofold. Russia (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.8% per year) and Russia (+28.7% per year).

In value terms, the largest markets for food manufacture machinery exported from the UK were the United States ($X), Australia ($X) and Russia ($X), with a combined 35% share of total exports. Ireland, Germany, the Netherlands, India, China, France, Canada, Austria, the Czech Republic and Egypt lagged somewhat behind, together comprising a further 33%.

Canada, with a CAGR of +28.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, flattening at the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery export price decreased by -28.2% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ireland ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into the UK

Food manufacture machinery imports into the UK expanded markedly to X units in 2021, surging by 8.2% against 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +6.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of food manufacture machinery imports to the UK, with a combined 51% share of total imports. These countries were followed by Spain, France, the United States, the Netherlands, India, Sweden, Taiwan (Chinese), Belgium, Denmark and Switzerland, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +80.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to the UK were Germany ($X), Italy ($X) and France ($X), with a combined 51% share of total imports. These countries were followed by China, Denmark, Sweden, the United States, Spain, Switzerland, the Netherlands, Belgium, India and Taiwan (Chinese), which together accounted for a further 41%.

Among the main suppliers, Sweden, with a CAGR of +86.4%, saw 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

The average food manufacture machinery import price stood at $X per unit in 2021, rising by 19% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +18.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 53%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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