United Kingdom: Particle Accelerator Market 2024

Particle Accelerator Market Size in the UK

The UK particle accelerator market fell markedly to $X in 2021, with a decrease of -16.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Particle Accelerator Exports

Exports from the UK

In 2021, shipments abroad of particle accelerators decreased by -26.9% to X units, falling for the second consecutive year after three years of growth. In general, exports recorded a slight descent. The growth pace was the most rapid in 2019 with an increase of 136% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, particle accelerator exports reached $X in 2021. Overall, exports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 73%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for particle accelerator exports from the UK, accounting for a 42% share of total exports. Moreover, particle accelerator exports to Turkey exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +115.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+21.8% per year) and the United States (-15.0% per year).

In value terms, the largest markets for particle accelerator exported from the UK were Turkey ($X), Cameroon ($X) and the United States ($X), together accounting for 31% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +100.9%, 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 particle accelerator export price amounted to $X per unit, increasing by 57% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, particle accelerator export price increased by +73.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Cameroon ($X per unit), while the average price for exports to Turkey ($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 Singapore (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Accelerator Imports

Imports into the UK

In 2021, imports of particle accelerators into the UK declined markedly to X units, which is down by -27.4% on 2020. Over the period under review, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 110%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, particle accelerator imports reached $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 109%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Canada (X units) and Sweden (X units) were the main suppliers of particle accelerator imports to the UK, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +94.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Canada ($X) and Germany ($X) were the largest particle accelerator suppliers to the UK, together accounting for 59% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +97.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average particle accelerator import price amounted to $X per unit, growing by 46% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 127% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average 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 Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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