United Kingdom: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in the UK

After two years of growth, the UK mounted piezo-electric crystals market decreased by X% to $X in 2023. Overall, consumption, however, showed a perceptible contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Production in the UK

In value terms, mounted piezo-electric crystals production reduced modestly to $X in 2023 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Mounted Piezo-Electric Crystals Exports

Exports from the UK

In 2023, overseas shipments of mounted piezo-electric crystals decreased by X% to X units, falling for the fourth year in a row after three years of growth. Overall, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports shrank to $X in 2023. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X units), France (X units) and Germany (X units) were the main destinations of mounted piezo-electric crystals exports from the UK, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mounted piezo-electric crystals exported from the UK were the United States ($X), Germany ($X) and France ($X), together comprising X% of total exports. The Netherlands, Switzerland, Ireland, Spain, Italy, Romania, Japan, Poland, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to 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 mounted piezo-electric crystals export price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mounted piezo-electric crystals export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into the UK

In 2023, after five years of growth, there was significant decline in supplies from abroad of mounted piezo-electric crystals, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2022, and then fell rapidly in the following year.

In value terms, mounted piezo-electric crystals imports dropped markedly to $X in 2023. Overall, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of mounted piezo-electric crystals to the UK, with a X% share of total imports. Moreover, mounted piezo-electric crystals imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was taken by Japan (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest mounted piezo-electric crystals suppliers to the UK, together comprising X% of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average mounted piezo-electric crystals import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform