United Kingdom: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in the UK

In 2021, the UK wood milling machine market increased by 70% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Production in the UK

In value terms, wood milling machine production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports from the UK

In 2021, shipments abroad of planing, milling or moulding machines increased by 70% to X units, rising for the third year in a row after four years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 135%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, wood milling machine exports dropped dramatically to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 increased by +21.9% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 60%. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Ireland (X units) was the main destination for wood milling machine exports from the UK, with a 37% share of total exports. Moreover, wood milling machine exports to Ireland exceeded the volume sent to the second major destination, Sweden (X units), twofold. Germany (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+25.5% per year) and Germany (+32.6% per year).

In value terms, Ireland ($X) emerged as the key foreign market for planing, milling or moulding machines exports from the UK, comprising 29% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Ireland totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+51.4% per year) and Germany (+29.5% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, waning by -57.1% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sweden ($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 Denmark (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into the UK

In 2021, overseas purchases of planing, milling or moulding machines were finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of 38%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wood milling machine imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to the UK, with a 81% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and Taiwan (Chinese) (+6.1% per year).

In value terms, Germany ($X), China ($X) and Austria ($X) constituted the largest wood milling machine suppliers to the UK, with a combined 78% share of total imports. These countries were followed by Taiwan (Chinese) and Belgium, which together accounted for a further 9.9%.

Taiwan (Chinese), with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 wood milling machine import price amounted to $X per unit, picking up by 37% against the previous year. In general, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2020 an increase of 42%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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