United Kingdom: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the UK

The UK market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X in 2021, picking up by 4.8% against the previous year. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in the UK

In value terms, grease fittings and oil seals production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by 20%. Grease fittings and oil seals production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from the UK

After two years of decline, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 24% to X units in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and Germany (X units) were the main destinations of grease fittings and oil seals exports from the UK, together accounting for 30% of total exports. These countries were followed by Ireland, the Czech Republic, Norway, India, China, France, Nigeria, Singapore, Spain and Italy, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grease fittings and oil seals exported from the UK were the United States ($X), Germany ($X) and the Netherlands ($X), together comprising 36% of total exports. Norway, France, China, Spain, Ireland, India, Italy, the Czech Republic, Nigeria and Singapore lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, the Czech Republic, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, waning by -3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 Germany (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into the UK

In 2021, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels imported into the UK dropped to X units, waning by -1.9% against 2020. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 43%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2021. Overall, imports saw a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Germany (X units) were the main suppliers of grease fittings and oil seals imports to the UK, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +19.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest grease fittings and oil seals suppliers to the UK, with a combined 56% share of total imports. These countries were followed by India, Italy, Japan, France, Belgium, Taiwan (Chinese) and Poland, which together accounted for a further 28%.

India, with a CAGR of +21.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, surging by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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