Overview of the Market for Machine-Tool For Removing Material in the United Kingdom
In value terms, machine-tool for removing material production expanded modestly to $ in estimated in export prices. Overall, the total production indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Machine-tool for removing material production peaked in and is expected to retain growth in the immediate term.
The size of the machine-tool for removing material market in the UK contracted to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a deep contraction. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Machine-tool for removing material consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.