United Kingdom: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in the UK

The UK thread rolling machine market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption showed pronounced growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Thread Rolling Machine Production in the UK

In value terms, thread rolling machine production fell notably to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 24,187,500%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Thread Rolling Machine Exports

Exports from the UK

In 2022, thread rolling machine exports from the UK declined rapidly to X units, with a decrease of -44.2% against the year before. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 879% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, thread rolling machine exports shrank remarkably to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 806% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for thread rolling machine exports from the UK, accounting for a 73% share of total exports. Moreover, thread rolling machine exports to Malaysia exceeded the volume sent to the second major destination, Norway (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+18.7% per year) and Germany (+4.2% per year).

In value terms, Germany ($X), Malaysia ($X) and Norway ($X) appeared to be the largest markets for thread rolling machine exported from the UK worldwide, together comprising 77% of total exports.

Among the main countries of destination, Norway, with a CAGR of +39.6%, 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 thread rolling machine export price stood at $X per unit in 2022, declining by -58.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 791%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Thread Rolling Machine Imports

Imports into the UK

In 2022, purchases abroad of thread rolling machines for working metal, sintered metal carbides or cermets increased by 82% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 533% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, thread rolling machine imports surged to $X in 2022. In general, imports enjoyed a prominent increase. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and France (X units) were the main suppliers of thread rolling machine imports to the UK, together comprising 90% of total imports. Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +123.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) were the largest thread rolling machine suppliers to the UK, together accounting for 68% of total imports.

Among the main suppliers, France, with a CAGR of +259.2%, saw 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

The average thread rolling machine import price stood at $X per unit in 2022, with an increase of 203% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 953% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+738.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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