United Kingdom: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in the UK

The UK metal non-electric bell market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Non-Electric Bell Production in the UK

In value terms, metal non-electric bell production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 72% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Non-Electric Bell Exports

Exports from the UK

In 2021, metal non-electric bell exports from the UK expanded remarkably to X tons, picking up by 5.5% against 2020 figures. In general, exports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal non-electric bell exports dropped slightly to $X in 2021. The total export value increased at an average annual rate of +4.0% 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 2016 when exports increased by 37% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), the Netherlands (X tons) and Portugal (X tons) were the main destinations of metal non-electric bell exports from the UK, together accounting for 34% of total exports. These countries were followed by Samoa, Spain, Poland, Belgium, the United States, Ireland, Germany, Australia, China and Hong Kong SAR, which together accounted for a further 52%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +90.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-electric bells and gongs of base metal exports from the UK, comprising 15% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.8% share of total exports. It was followed by Belgium, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+19.7% per year) and Belgium (+77.8% per year).

Export Prices by Country

The average metal non-electric bell export price stood at $X per ton in 2021, dropping by -9% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% 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 2014 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into the UK

In 2021, overseas purchases of non-electric bells and gongs of base metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a slight setback. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, metal non-electric bell imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Oman (X tons), China (X tons) and India (X tons) were the main suppliers of metal non-electric bell imports to the UK, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +2,000.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Oman ($X) constituted the largest supplier of non-electric bells and gongs of base metal to the UK, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by India, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Oman stood at +2,266.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.1% per year) and India (-10.4% per year).

Import Prices by Country

In 2021, the average metal non-electric bell import price amounted to $X per ton, surging by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Oman ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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