United Kingdom: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in the UK

In 2021, the UK non-numerically controlled drilling machine market increased by 3% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, enjoyed buoyant growth. Non-numerically controlled drilling machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in the UK

In value terms, non-numerically controlled drilling machine production totaled $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.3% against 2013 indices. The pace of growth appeared the most rapid in 2013 with an increase of 165%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from the UK

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal decreased by -10.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 55% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports declined to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 36%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons), India (X tons) and Pakistan (X tons) were the main destinations of non-numerically controlled drilling machine exports from the UK, together comprising 29% of total exports. These countries were followed by Belgium, the United States, the Netherlands, the United Arab Emirates, Canada, Norway, Germany, Spain, Egypt and France, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +40.9%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Norway ($X) and the United States ($X) constituted the largest markets for non-numerically controlled drilling machine exported from the UK worldwide, with a combined 33% share of total exports. These countries were followed by Ireland, the Netherlands, the United Arab Emirates, Germany, France, Egypt, Belgium, India, Spain and Pakistan, which together accounted for a further 33%.

In terms of the main countries of destination, Egypt, with a CAGR of +42.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, picking up by 2.2% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-numerically controlled drilling machine export price increased by +53.1% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Pakistan ($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 Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into the UK

For the third consecutive year, the UK recorded decline in purchases abroad of non-numerically controlled drilling machines for working metal, which decreased by -9.8% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 31%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports fell to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to the UK, with a 74% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.5% per year) and Taiwan (Chinese) (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to the UK, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.0% per year) and the United States (+19.9% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, picking up by 9.9% against the previous year. Overall, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2020 an increase of 78%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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