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United Kingdom - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGouges and Chisels Price in the UK - 2023
Contents:
- Gouges and Chisels Price in the UK (FOB) - 2023
- Gouges and Chisels Price in the UK (CIF) - 2023
- Gouges and Chisels Exports in the UK
- Gouges and Chisels Imports in the UK
Gouges and Chisels Price in the UK (FOB) - 2023
The average gouges and chisels export price stood at $34,933 per ton in June 2023, jumping by 27% against the previous month. In general, export price indicated prominent growth from June 2022 to June 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, gouges and chisels export price increased by +26.5% against May 2023 indices. The growth pace was the most rapid in July 2022 an increase of 82% against the previous month. Over the period under review, the average export prices reached the maximum at $36,468 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Kyrgyzstan ($87,939 per ton), while the average price for exports to the United Arab Emirates ($4,225 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gouges and Chisels Price in the UK (CIF) - 2023
The average gouges and chisels import price stood at $8,767 per ton in June 2023, with an increase of 15% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 44% against the previous month. As a result, import price attained the peak level of $11,635 per ton. From October 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($18,086 per ton), while the price for China ($5,946 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced a decline.
Gouges and Chisels Exports in the UK
In 2022, after three years of growth, there was significant decline in shipments abroad of planes, chisels and gouges for working wood, when their volume decreased by -29.4% to 509 tons. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 9.6% against the previous year. As a result, the exports reached the peak of 721 tons, and then reduced dramatically in the following year.
In value terms, gouges and chisels exports fell sharply to $13M in 2022. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $16M, and then dropped notably in the following year.
Export of Gouges and Chisels in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.1 | 5.4 | 6.4 | 5.6 | 3.2% |
Germany | 1.1 | 0.8 | 1.2 | 1.3 | 5.7% |
Belgium | 1.2 | 1.3 | 1.8 | 1.3 | 2.7% |
Australia | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
Ireland | 0.9 | 0.9 | 0.7 | 0.6 | -12.6% |
France | 0.7 | 0.7 | 0.6 | 0.5 | -10.6% |
Netherlands | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
Poland | 0.5 | 0.6 | 0.6 | 0.2 | -26.3% |
Italy | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
Others | 2.6 | 2.2 | 3.1 | 2.1 | -6.9% |
Total | 13.4 | 13.1 | 15.8 | 12.9 | -1.3% |
Top Export Markets for Gouges and Chisels from the UK in 2022:
- United States (201.2 tons)
- Belgium (111.2 tons)
- Ireland (41.9 tons)
- Australia (39.9 tons)
- Germany (24.6 tons)
- Netherlands (18.8 tons)
- Poland (15.4 tons)
- France (12.5 tons)
- Italy (2.1 tons)
Gouges and Chisels Imports in the UK
In 2022, supplies from abroad of planes, chisels and gouges for working wood decreased by -18.1% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of 2K tons, and then reduced notably in the following year.
In value terms, gouges and chisels imports shrank to $14M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of $15M, and then dropped in the following year.
Import of Gouges and Chisels in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.7 | 4.6 | 9.1 | 8.9 | 34.0% |
India | 0.6 | 0.6 | 1.2 | 1.4 | 32.6% |
Taiwan (Chinese) | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
Belgium | 1.4 | 1.3 | 0.8 | N/A | -24.4% |
Others | 3.3 | 3.2 | 3.1 | 2.8 | -5.3% |
Total | 9.3 | 9.9 | 14.6 | 13.7 | 13.8% |
Top Suppliers of Gouges and Chisels to the UK in 2022:
- China (1311.3 tons)
- India (241.6 tons)
- Taiwan (Chinese) (36.8 tons)
- Belgium (0.3 tons)
This report provides an in-depth analysis of the gouges and chisels market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The growth of imports for Gouges And Chisels from 2022 to 2023 remained somewhat lower, with imports shrinking significantly to $18M in 2023.
The most prominent rate of growth was recorded in June 2023 when imports of Gouges And Chisels increased by 33% against the previous month. In value terms, Gouges And Chisels imports fell dramatically to $545K in November 2023.
Exports of Gouges and Chisels saw a significant increase, reaching $879K in August 2023, although overall export growth remained somewhat lower from June to August 2023.
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