Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.5 per unit, jumping by 39% against the previous year. In general, the import price continues to indicate noticeable growth. The growth pace was the most rapid in 2016 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $0.8 per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 Spain ($5.2 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.9 per unit, dropping by -16.2% against the previous year. Over the period under review, the export price, however, posted strong growth. The growth pace was the most rapid in 2013 an increase of 568%. The export price peaked at $1.5 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1.2 per unit), while the average price for exports to Barbados ($0.2 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 Egypt (+343.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into the UK surged to 4.5M units, increasing by 116% on the year before. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $2.2M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to the UK in 2022:

1. China (3701.3K units)
2. Portugal (294.7K units)
3. Spain (248.0K units)
4. India (81.1K units)
5. United States (76.8K units)
6. Japan (23.0K units)
7. Germany (15.4K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the UK

Exports of millstones, grindstones, grinding wheels and the like; of natural stones from the UK surged to 452K units in 2022, jumping by 160% against the year before. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 161% against the previous year. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $428K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from the UK in 2022:

1. Sweden (390.8K units)
2. Netherlands (15.1K units)
3. France (14.3K units)
4. Barbados (9.5K units)
5. United Arab Emirates (5.3K units)
6. Ireland (2.9K units)
7. United States (2.8K units)

Source: IndexBox Market Intelligence Platform