Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK - 2024

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK (CIF) - 2024
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK (CIF) - 2024

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $37,882 per ton in January 2024, with an increase of 9.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 89% against the previous month. As a result, import price attained the peak level of $41,407 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Norway ($128K per ton), while the price for Slovenia ($7,027 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $48,444 per ton, surging by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($91,891 per ton), while the average price for exports to Spain ($12,413 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into the UK soared to 24K tons, with an increase of 17% compared with the year before. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell to $545M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of $548M, leveling off in the following year.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to the UK in 2022:

1. Germany (6.2K tons)
2. China (4.4K tons)
3. United States (2.4K tons)
4. Italy (2.2K tons)
5. Netherlands (1.2K tons)
6. Denmark (0.7K tons)
7. Spain (0.7K tons)
8. Poland (0.4K tons)
9. Austria (0.4K tons)
10. France (0.4K tons)
11. Sweden (0.4K tons)
12. Norway (0.4K tons)
13. India (0.3K tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the UK

In 2022, overseas shipments of machines and mechanical appliances; parts, of those having individual functionses decreased by -4.6% to 8K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 7.8% against the previous year. As a result, the exports attained the peak of 8.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses rose modestly to $387M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from the UK in 2022:

1. United States (762.6 tons)
2. Germany (600.2 tons)
3. Norway (595.1 tons)
4. Spain (564.8 tons)
5. Netherlands (465.0 tons)
6. Ireland (418.6 tons)
7. Israel (327.3 tons)
8. France (285.6 tons)
9. China (260.2 tons)
10. United Arab Emirates (260.0 tons)
11. South Africa (209.5 tons)
12. Denmark (208.1 tons)
13. Australia (203.7 tons)

Source: IndexBox Market Intelligence Platform