United Kingdom: Working Wire Machine Market 2024

Working Wire Machine Market Size in the UK

The UK working wire machine market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Working Wire Machine Production in the UK

In value terms, working wire machine production rose slightly to $X in 2022 estimated in export price. In general, production saw a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Working wire machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Working Wire Machine Exports

Exports from the UK

In 2022, after three years of decline, there was significant growth in shipments abroad of machines for working wire, when their volume increased by X% to X units. Overall, exports, however, showed a pronounced decrease. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, working wire machine exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units), the United States (X units) and the Netherlands (X units) were the main destinations of working wire machine exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for machines for working wire exports from the UK, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the United States (X% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, working wire machine export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Ireland ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into the UK

In 2022, supplies from abroad of machines for working wire increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, working wire machine imports skyrocketed to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest working wire machine supplier to the UK, with a X% share of total imports. Moreover, working wire machine imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the largest working wire machine suppliers to the UK were Italy ($X), Germany ($X) and Austria ($X), with a combined X% share of total imports.

Austria, with a CAGR of X%, recorded the highest growth rate of 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

The average working wire machine import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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