Pumps; Parts Thereof Price in the UK - 2023
Contents:
- Pumps; Parts Thereof Price in the UK (FOB) - 2023
- Pumps; Parts Thereof Price in the UK (CIF) - 2023
- Pumps; Parts Thereof Exports in the UK
- Pumps; Parts Thereof Imports in the UK
Pumps; Parts Thereof Price in the UK (FOB) - 2023
The average pumps; parts thereof export price stood at $49,821 per ton in May 2023, remaining constant against the previous month. Over the period under review, export price indicated a moderate increase from May 2022 to May 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, pumps; parts thereof export price decreased by -20.6% against January 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices reached the maximum at $62,723 per ton in January 2023; however, from February 2023 to May 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($83,142 per ton), while the average price for exports to Canada ($10,401 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Price in the UK (CIF) - 2023
The average pumps; parts thereof import price stood at $25,320 per ton in May 2023, growing by 1.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 24% m-o-m. Over the period under review, average import prices hit record highs at $31,579 per ton in March 2023; however, from April 2023 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the United States ($106K per ton), while the price for Turkey ($6,384 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Exports in the UK
In 2022, the amount of pumps; parts thereoves exported from the UK totaled 12K tons, surging by 9.2% compared with 2021. The total export volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof exports reduced to $559M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports reached the peak of $594M, and then shrank in the following year.
| Export of Pumps; Parts Thereof in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.8 | 84.9 | 109 | 96.0 | 0.4% |
| Canada | 31.7 | 29.1 | 29.6 | 34.6 | 3.0% |
| Netherlands | 29.2 | 17.4 | 26.0 | 32.0 | 3.1% |
| Germany | 28.6 | 24.3 | 27.7 | 29.9 | 1.5% |
| China | 34.6 | 23.5 | 29.1 | 26.9 | -8.0% |
| France | 26.4 | 19.5 | 16.2 | 18.6 | -11.0% |
| Australia | 13.4 | 10.4 | 15.6 | 17.0 | 8.3% |
| Poland | 8.1 | 7.8 | 13.5 | 12.6 | 15.9% |
| Spain | 11.9 | 8.1 | 10.1 | 12.1 | 0.6% |
| Turkey | 8.4 | 6.6 | 14.5 | 11.9 | 12.3% |
| Belgium | 7.0 | 6.0 | 7.8 | 7.6 | 2.8% |
| Russia | 9.7 | 14.7 | 10.6 | 2.5 | -36.4% |
| Others | 256 | 237 | 285 | 257 | 0.1% |
| Total | 560 | 490 | 594 | 559 | -0.1% |
Top Export Markets for Pumps; Parts Thereof from the UK in 2022:
- Canada (3337.4 tons)
- United States (1501.9 tons)
- Netherlands (593.2 tons)
- Turkey (500.6 tons)
- China (485.4 tons)
- Germany (466.4 tons)
- Poland (427.1 tons)
- France (426.1 tons)
- Australia (342.8 tons)
- Spain (297.6 tons)
- Belgium (233.4 tons)
- Russia (227.4 tons)
Pumps; Parts Thereof Imports in the UK
In 2022, the amount of pumps; parts thereoves imported into the UK dropped to 20K tons, falling by -6.1% against 2021. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8.1% against the previous year.
In value terms, pumps; parts thereof imports totaled $410M in 2022. In general, imports recorded a abrupt decrease.
| Import of Pumps; Parts Thereof in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 77.4 | 57.4 | 67.4 | 82.5 | 2.1% |
| Germany | 175 | 128 | 79.3 | 67.9 | -27.1% |
| China | 40.6 | 33.2 | 38.9 | 47.7 | 5.5% |
| Italy | 38.0 | 31.7 | 38.3 | 31.5 | -6.1% |
| France | 30.0 | 25.5 | 20.2 | 31.2 | 1.3% |
| India | 21.0 | 19.2 | 24.1 | 25.4 | 6.5% |
| Japan | 14.4 | 9.7 | 22.6 | 18.4 | 8.5% |
| Denmark | 10.2 | 8.5 | 10.1 | 10.6 | 1.3% |
| Sweden | 15.4 | 14.2 | 10.4 | 8.2 | -18.9% |
| Turkey | 4.6 | 3.0 | 5.8 | 6.9 | 14.5% |
| Hungary | 2.2 | 1.3 | 1.8 | 6.4 | 42.8% |
| Malaysia | 4.1 | 3.5 | 4.5 | 5.6 | 11.0% |
| Romania | 0.5 | 0.5 | 1.0 | 3.1 | 83.7% |
| Others | 122 | 125 | 71.2 | 64.8 | -19.0% |
| Total | 555 | 460 | 395 | 410 | -9.6% |
Top Suppliers of Pumps; Parts Thereof to the UK in 2022:
- China (4.2K tons)
- Italy (3.3K tons)
- India (2.4K tons)
- Germany (1.8K tons)
- France (1.1K tons)
- United States (1.1K tons)
- Japan (0.9K tons)
- Turkey (0.6K tons)
- Sweden (0.5K tons)
- Hungary (0.5K tons)
- Romania (0.4K tons)
- Denmark (0.4K tons)
- Malaysia (0.4K tons)
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