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

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

The UK non-numerically controlled sharpening machine market shrank markedly to $X in 2022, declining by -49.6% against the previous year. In general, consumption, however, continues to indicate modest growth. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

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

In value terms, non-numerically controlled sharpening machine production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from the UK

In 2022, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -28.1% to X units, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 160%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Ireland (X units) and Germany (X units) were the main destinations of non-numerically controlled sharpening machine exports from the UK, together accounting for 68% of total exports. Australia, France, Austria, the Netherlands and Poland lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +46.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from the UK, comprising 63% of total exports. The second position in the ranking was taken by Germany ($X), with a 3.3% share of total exports. It was followed by Australia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.9% per year) and Australia (+2.6% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, jumping by 40% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 58%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Ireland (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into the UK

Non-numerically controlled sharpening machine imports into the UK declined sharply to X units in 2022, falling by -59.1% on the previous year. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, non-numerically controlled sharpening machine imports reduced notably to $X in 2022. Overall, imports, however, showed tangible growth. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to the UK, accounting for a 85% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Spain (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-19.3% per year) and Spain (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to the UK, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.9% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and Germany (-11.5% per year).

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, growing by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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