United Kingdom: Market for Parts Of Apparatus Of Hs 2025

Market Size for Parts Of Apparatus Of Hs in the UK

In 2021, the UK market for parts of apparatus of hs decreased by -25.5% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined markedly in the following year.

Production of Parts Of Apparatus Of Hs in the UK

In value terms, parts of apparatus of hs production totaled $X in 2021 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 151% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Parts Of Apparatus Of Hs

Exports from the UK

Parts of apparatus of hs exports from the UK surged to X units in 2021, jumping by 24% on 2020 figures. Over the period under review, exports, however, showed a slight shrinkage. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +3.7% 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 2015 with an increase of 26%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and the United States (X units) were the main destinations of parts of apparatus of hs exports from the UK, with a combined 35% share of total exports. These countries were followed by Ireland, Slovakia, China, the United Arab Emirates, France, Sweden, Poland, Italy, Belgium and Hungary, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +39.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from the UK were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 40% share of total exports. These countries were followed by Ireland, the United Arab Emirates, China, Belgium, France, Slovakia, Poland, Italy, Hungary and Sweden, which together accounted for a further 31%.

Slovakia, with a CAGR of +40.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for parts of apparatus of hs stood at $X per unit in 2021, declining by -10.6% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +33.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per unit), while the average price for exports to Sweden ($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 Hungary (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into the UK

In 2021, purchases abroad of parts of apparatus of hs decreased by -28.3% to X units, falling for the second year in a row after two years of growth. In general, imports showed a slight slump. The most prominent rate of growth was recorded in 2014 when imports increased by 10% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to the UK, accounting for a 59% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+28.0% per year) and the Netherlands (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to the UK, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.9% per year) and Germany (+5.8% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, surging by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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