United Kingdom: Wheeled Loader Market 2024

Wheeled Loader Market Size in the UK

The UK wheeled loader market surged to $X in 2021, jumping by 528% against the previous year. In general, consumption enjoyed perceptible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wheeled Loader Production in the UK

In value terms, wheeled loader production fell modestly to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.7% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Wheeled loader production peaked at $X in 2020, and then dropped slightly in the following year.

Wheeled Loader Exports

Exports from the UK

In 2021, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were exported from the UK; surging by 38% against the year before. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, wheeled loader exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Japan (X units) were the main destinations of wheeled loader exports from the UK, together accounting for 46% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +34.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled loader exported from the UK were Germany ($X), the United States ($X) and Japan ($X), together comprising 43% of total exports.

Japan, with a CAGR of +29.9%, 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 wheeled loader export price stood at $X per unit in 2021, waning by -14% against the previous year. Over the period under review, the export price showed a pronounced downturn. The growth pace was the most rapid in 2013 when the average export price increased by 59%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Russia ($X per unit), while the average price for exports to the United States ($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 Italy (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into the UK

In 2021, overseas purchases of wheeled loaders, crawler shovel loaders, front-end loaders increased by 64% to X units for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, 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.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wheeled loader to the UK, accounting for a 63% share of total imports. Moreover, wheeled loader imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Belgium (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 Germany totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+64.8% per year) and Belgium (+7.2% per year).

In value terms, Belgium ($X), Sweden ($X) and Germany ($X) were the largest wheeled loader suppliers to the UK, together comprising 62% of total imports. South Korea, China, Austria, the United States, Italy, the Czech Republic, the Netherlands and Ireland lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, China, with a CAGR of +79.1%, 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 wheeled loader import price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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