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

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

The UK numerically controlled drilling machine market expanded slightly to $X in 2021, surging by 2.2% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

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

In value terms, numerically controlled drilling machine production contracted slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +110.4% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the UK

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from the UK; waning by -49.8% compared with the year before. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 113% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports fell notably to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 66%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Mexico (X tons) and Ireland (X tons) were the main destinations of numerically controlled drilling machine exports from the UK, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +103.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for numerically controlled drilling machine exported from the UK were France ($X), Mexico ($X) and Germany ($X), with a combined 86% share of total exports. Ireland, Turkey, the Dominican Republic, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 9.1%.

In terms of the main countries of destination, Ireland, with a CAGR of +82.6%, 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 more modest paces of growth.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, jumping by 62% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine export price increased by +67.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 77%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the UK

In 2021, imports of numerically controlled drilling machines for working metal into the UK reduced rapidly to X tons, with a decrease of -27.4% compared with 2020. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by 264%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when imports increased by 261%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of numerically controlled drilling machine imports to the UK, with a combined 76% 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 Spain (with a CAGR of +1,087,200.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and the United States ($X) appeared to be the largest numerically controlled drilling machine suppliers to the UK, together accounting for 79% of total imports.

Spain, with a CAGR of +8,975,790.0%, recorded the highest growth rate of 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 numerically controlled drilling machine import price stood at $X per ton in 2021, picking up by 83% against the previous year. Overall, the import price enjoyed a notable expansion. The import price peaked 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+632.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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