United Kingdom: Tamping Machinery Market 2024

Tamping Machinery Market Size in the UK

The UK tamping machinery market soared to $X in 2021, jumping by 58% 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 continues to indicate prominent growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Tamping Machinery Exports

Exports from the UK

In 2021, the amount of tamping or compacting machinery exported from the UK expanded sharply to X units, increasing by 9.8% compared with the previous year. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2013 when exports increased by 38%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, tamping machinery exports soared to $X in 2021. In general, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) was the main destination for tamping machinery exports from the UK, with a 35% share of total exports. Moreover, tamping machinery exports to Poland exceeded the volume sent to the second major destination, France (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.1% per year) and Belgium (+9.5% per year).

In value terms, the largest markets for tamping machinery exported from the UK were Poland ($X), France ($X) and Belgium ($X), with a combined 57% share of total exports. These countries were followed by the Netherlands, Ireland, the United States and Germany, which together accounted for a further 24%.

Among the main countries of destination, Germany, with a CAGR of +21.8%, 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

The average tamping machinery export price stood at $X per unit in 2021, surging by 26% against the previous year. In general, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 48%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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 France ($X per unit), while the average price for exports to Germany ($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 Netherlands (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into the UK

In 2021, the amount of tamping or compacting machinery imported into the UK soared to X units, rising by 41% against the year before. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 96% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, tamping machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of tamping machinery to the UK, with a 85% share of total imports. Moreover, tamping machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +46.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.0% per year) and Austria (+718.6% per year).

In value terms, Germany ($X), China ($X) and Austria ($X) were the largest tamping machinery suppliers to the UK, with a combined 94% share of total imports.

Austria, with a CAGR of +1,144.9%, saw 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 tamping machinery import price amounted to $X per unit, increasing by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The import price peaked at $X per unit in 2012; however, from 2013 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 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 Austria (+57.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :