United Kingdom: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in the UK

The UK way-type unit head market shrank markedly to $X in 2021, with a decrease of -26.7% against the previous year. In general, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Way-Type Unit Head Production in the UK

In value terms, way-type unit head production fell dramatically to $X in 2021 estimated in export price. Overall, production, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 118%. As a result, production reached the peak level of $X, and then shrank rapidly in the following year.

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Way-Type Unit Head Exports

Exports from the UK

In 2021, after two years of growth, there was significant decline in overseas shipments of way-type unit heads for working metal, when their volume decreased by -40.6% to X tons. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 161% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, way-type unit head exports soared to $X in 2021. In general, exports showed a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of 111%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for way-type unit head exports from the UK, with a 47% share of total exports. Moreover, way-type unit head exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+106.6% per year) and Portugal (+489.1% per year).

In value terms, the United States ($X) remains the key foreign market for way-type unit heads for working metal exports from the UK, comprising 55% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by Australia, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+105.8% per year) and Australia (+40.2% per year).

Export Prices by Country

In 2021, the average way-type unit head export price amounted to $X per ton, jumping by 131% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.

Way-Type Unit Head Imports

Imports into the UK

After three years of decline, overseas purchases of way-type unit heads for working metal increased by 373% to X tons in 2021. In general, imports, however, saw a perceptible descent. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, way-type unit head imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a perceptible increase. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of way-type unit head imports to the UK, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +58.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest way-type unit head suppliers to the UK were Italy ($X), Germany ($X) and the United States ($X), with a combined 97% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +71.2%, saw the highest rates of growth with regard to 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

In 2021, the average way-type unit head import price amounted to $X per ton, growing by 59% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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