United Kingdom: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in the UK

For the third year in a row, the UK milling industry machinery market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Milling Industry Machinery Production in the UK

In value terms, milling industry machinery production reached $X in 2022 estimated in export price. Overall, production recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports from the UK

In 2022, approx. X units of milling industry machinery were exported from the UK; declining by X% compared with the year before. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports fell notably to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X units) was the main destination for milling industry machinery exports from the UK, accounting for a X% share of total exports. Moreover, milling industry machinery exports to Ireland exceeded the volume sent to the second major destination, Canada (X units), fourfold. The United Arab Emirates (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 Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

In value terms, Ireland ($X) remains the key foreign market for milling industry machinery exports from the UK, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into the UK

In 2022, the amount of milling industry machinery imported into the UK surged to X units, growing by X% compared with the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, milling industry machinery imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and Ireland (X units) were the main suppliers of milling industry machinery imports to the UK, with a combined X% share of total imports. Italy, France, China and Switzerland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest milling industry machinery suppliers to the UK were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, 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 milling industry machinery import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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