United Kingdom: Grinding Machine Market 2024

Grinding Machine Market Size in the UK

The UK grinding machine market declined to $X in 2021, reducing by -7.5% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.1% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Grinding Machine Production in the UK

In value terms, grinding machine production dropped to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. Grinding machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Grinding Machine Exports

Exports from the UK

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were exported from the UK; rising by 10% on 2020. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X units), the United States (X units) and Ireland (X units) were the main destinations of grinding machine exports from the UK, together accounting for 28% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from the UK, comprising 16% of total exports. The second position in the ranking was taken by India ($X), with a 6.9% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.4% per year) and Germany (+11.9% per year).

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, increasing by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Austria (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into the UK

Grinding machine imports into the UK surged to X units in 2021, rising by 17% on the previous year. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 96% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding machine imports expanded sharply to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest grinding machine supplier to the UK, accounting for a 59% share of total imports. Moreover, grinding machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Austria (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.4% per year) and Austria (+0.7% per year).

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to the UK, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with an 8.7% share of total imports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+4.5% per year) and the United States (+6.9% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, with a decrease of -3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2015 an increase of 57%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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