United Kingdom - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steering Wheels and Columns in the UK - 2023
Contents:
- Price for Steering Wheels and Columns in the UK (CIF) - 2023
- Price for Steering Wheels and Columns in the UK (FOB) - 2023
- Imports of Steering Wheels and Columns in the UK
- Exports of Steering Wheels and Columns in the UK
Price for Steering Wheels and Columns in the UK (CIF) - 2023
The average steering wheels and columns import price stood at $20,889 per ton in August 2023, surging by 13% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 17% month-to-month. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($48,880 per ton), while the price for Turkey ($7,469 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steering Wheels and Columns in the UK (FOB) - 2023
The average steering wheels and columns export price stood at $33,727 per ton in August 2023, falling by -7.7% against the previous month. Overall, export price indicated modest growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, steering wheels and columns export price increased by +68.1% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 82% month-to-month. The export price peaked at $37,406 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($49,210 per ton), while the average price for exports to Belgium ($4,582 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steering Wheels and Columns in the UK
In 2022, supplies from abroad of steering wheels, steering columns and steering boxes was finally on the rise to reach 29K tons after two years of decline. In general, imports, however, showed a abrupt descent.
In value terms, steering wheels and columns imports stood at $530M in 2022. Over the period under review, imports, however, faced a deep downturn.
Import of Steering Wheels and Columns in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 266 | 164 | 174 | 140 | -19.3% |
France | 50.4 | 36.4 | 31.9 | 84.5 | 18.8% |
Romania | 70.5 | 43.8 | 48.2 | 64.8 | -2.8% |
Hungary | 13.5 | 12.0 | 14.9 | 46.1 | 50.6% |
Poland | 105 | 76.9 | 54.4 | 43.4 | -25.5% |
Japan | 46.3 | 36.2 | 43.3 | 43.1 | -2.4% |
Czech Republic | 5.5 | 5.1 | 4.4 | 30.0 | 76.0% |
China | 11.3 | 6.4 | 10.9 | 10.8 | -1.5% |
Turkey | 83.4 | 8.0 | 14.0 | 8.0 | -54.2% |
United States | 17.4 | 14.3 | 10.1 | 3.0 | -44.3% |
Malaysia | 21.5 | 10.0 | 10.1 | 2.6 | -50.5% |
Others | 67.7 | 56.6 | 80.0 | 54.0 | -7.3% |
Total | 758 | 470 | 496 | 530 | -11.2% |
Top Suppliers of Steering Wheels and Columns to the UK in 2022:
- France (5.5K tons)
- Germany (5.3K tons)
- Poland (3.3K tons)
- Hungary (2.8K tons)
- Czech Republic (2.0K tons)
- Romania (1.6K tons)
- Japan (1.6K tons)
- Turkey (1.3K tons)
- China (1.3K tons)
- Malaysia (0.4K tons)
- United States (0.3K tons)
Exports of Steering Wheels and Columns in the UK
In 2022, approx. 7.7K tons of steering wheels, steering columns and steering boxes were exported from the UK; reducing by -6.2% on the year before. Overall, exports showed a dramatic descent.
In value terms, steering wheels and columns exports fell to $143M in 2022. In general, exports showed a deep contraction. The smallest decline of -8.8% was in 2021.
Export of Steering Wheels and Columns in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 97.2 | 68.5 | 44.8 | 52.3 | -18.7% |
Germany | 40.5 | 25.1 | 20.9 | 23.6 | -16.5% |
China | 5.3 | 6.6 | 15.2 | 11.4 | 29.1% |
United States | 8.3 | 6.3 | 9.6 | 11.0 | 9.8% |
Slovakia | 18.4 | 11.1 | 5.7 | 8.3 | -23.3% |
France | 10.5 | 6.3 | 13.2 | 5.3 | -20.4% |
Ireland | 7.7 | 6.1 | 3.9 | 3.5 | -23.1% |
Brazil | 0.9 | 1.7 | 2.4 | 2.6 | 42.4% |
Belgium | 1.4 | 1.2 | 2.8 | 2.6 | 22.9% |
Spain | 19.8 | 13.7 | 7.0 | 2.6 | -49.2% |
Netherlands | 2.2 | 1.9 | 4.1 | 2.2 | 0.0% |
Morocco | N/A | 0.1 | 1.9 | 2.1 | 358.3% |
Czech Republic | 1.5 | 0.9 | 1.7 | 1.5 | 0.0% |
Others | 32.9 | 26.0 | 26.9 | 14.0 | -24.8% |
Total | 247 | 176 | 160 | 143 | -16.7% |
Top Export Markets for Steering Wheels and Columns from the UK in 2022:
- Germany (2864.8 tons)
- Poland (1858.0 tons)
- Belgium (391.2 tons)
- China (370.7 tons)
- Ireland (321.5 tons)
- France (290.0 tons)
- United States (236.8 tons)
- Spain (163.9 tons)
- Brazil (149.6 tons)
- Netherlands (142.8 tons)
- Czech Republic (136.7 tons)
- Morocco (127.0 tons)
- Slovakia (122.1 tons)
This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof
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
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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
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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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