United Kingdom: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in the UK

The UK wood milling machine market rose notably to $X in 2023, picking up by X% against the previous year. Overall, consumption showed prominent growth. Wood milling machine consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Wood Milling Machine Production in the UK

In value terms, wood milling machine production fell to $X in 2023 estimated in export price. Over the period under review, production, however, saw a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports from the UK

In 2023, shipments abroad of planing, milling or moulding machines decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2022, and then contracted dramatically in the following year.

In value terms, wood milling machine exports fell rapidly to $X in 2023. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Ireland (X units), Switzerland (X units) and Estonia (X units) were the main destinations of wood milling machine exports from the UK, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from the UK were Switzerland ($X), Ireland ($X) and the Netherlands ($X), with a combined X% share of total exports. Estonia, Germany, France, China, Norway, Sweden, the United States, Denmark and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Estonia, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average wood milling machine export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2023, 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 the United States ($X per unit), while the average price for exports to Sweden ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into the UK

After two years of growth, purchases abroad of planing, milling or moulding machines decreased by X% to X units in 2023. Overall, imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, wood milling machine imports declined to $X in 2023. In general, total imports indicated a resilient increase from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of wood milling machine to the UK, with a X% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was taken by the Czech Republic (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

In value terms, the largest wood milling machine suppliers to the UK were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Austria, Taiwan (Chinese), the Czech Republic, Belgium and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average wood milling machine import price amounted to $X per unit, surging by X% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in the near future.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform