United Kingdom: Manostat Market 2024

Manostat Market Size in the UK

The UK manostat market contracted to $X in 2022, waning by -10.8% against the previous year. Over the period under review, consumption showed a noticeable setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Manostat Production in the UK

In value terms, manostat production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2017 when the production volume increased by 8.2%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Manostat Exports

Exports from the UK

In 2022, shipments abroad of manostats decreased by -34.1% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, manostat exports declined dramatically to $X in 2022. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 50%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and Hong Kong SAR (X units) were the main destinations of manostat exports from the UK, with a combined 37% share of total exports. Qatar, India, the United Arab Emirates, Thailand, Ireland, the United States, Italy, China, Singapore and Sweden lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +91.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United Arab Emirates ($X) and Germany ($X) constituted the largest markets for manostat exported from the UK worldwide, together accounting for 31% of total exports. The United States, China, Italy, Ireland, Hong Kong SAR, Qatar, Thailand, Singapore, India and Sweden lagged somewhat behind, together comprising a further 40%.

Thailand, with a CAGR of +47.0%, 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

The average manostat export price stood at $X per unit in 2022, surging by 7.3% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 the United States ($X per unit), while the average price for exports to India ($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 Germany (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Manostat Imports

Imports into the UK

Manostat imports into the UK reduced markedly to X units in 2022, dropping by -32.2% on the year before. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, manostat imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 57%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X units), Italy (X units) and Slovakia (X units) were the main suppliers of manostat imports to the UK, with a combined 52% share of total imports. China, Germany, Poland, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Poland ($X) appeared to be the largest manostat suppliers to the UK, together comprising 62% of total imports. The Czech Republic, Italy, China, Slovakia and the Netherlands lagged somewhat behind, together accounting for a further 16%.

The Czech Republic, with a CAGR of +66.4%, recorded the highest growth rate of the value of imports, among the main suppliers 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 manostat import price amounted to $X per unit, rising by 32% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while the price for Slovakia ($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 Netherlands (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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