United Kingdom: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the UK

In 2021, the UK market for parts of harvester and threshers was finally on the rise to reach $X after five years of decline. In general, consumption continues to indicate slight growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in the UK

In value terms, parts of harvester and threshers production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from the UK

In 2021, the amount of parts of harvester and threshers exported from the UK shrank to X units, falling by -6.5% compared with 2020. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 29%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports contracted slightly to $X in 2021. Overall, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units), Germany (X units) and Ireland (X units) were the main destinations of parts of harvester and threshers exports from the UK, with a combined 42% share of total exports. These countries were followed by the Netherlands, Belgium, France, Hungary, the United States, the Czech Republic, New Zealand, Canada, Poland and Spain, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +16.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for parts of harvester and threshers exports from the UK, comprising 20% of total exports. The second position in the ranking was taken by Germany ($X), with a 9% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.2% per year) and the Netherlands (+6.2% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, picking up by 4.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Hungary ($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 the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into the UK

After five years of decline, overseas purchases of parts of harvester and threshers increased by 34% to X units in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 69% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports surged to $X in 2021. Over the period under review, imports posted pronounced growth. The most prominent rate of growth was recorded in 2014 when imports increased by 128% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of parts of harvester and threshers to the UK, accounting for a 43% share of total imports. Moreover, parts of harvester and threshers imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by China (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.8% per year) and China (+1.7% per year).

In value terms, Germany ($X) constituted the largest supplier of parts of harvester and threshers to the UK, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and the Netherlands (+1.7% per year).

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, picking up by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform