From January to October 2021, the bilateral import and export volume of goods between China and the UK was US$91,372.23 million, an increase of US$18,041.6778 million compared with the same period in 2020, a year-on-year increase of 24.7%.
From January to October 2021, the total value of China’s exports to the UK was US$70,860.6413 million, an increase of US$13,842.8773 million compared with the same period in 2020, a year-on-year increase of 24.6%; the total value of China’s imports from the UK was US$20511.5874 million, compared with 2020. During the same period, it increased by 4198.8004 million US dollars, a year-on-year increase of 24.9%.
The latest figures released by the Office for National Statistics show that in the first quarter of 2021 (January to March), the UK’s total merchandise trade (including imports and exports) with non-EU countries surpassed EU countries, while China overtook Đức to become the UK’s largest country of origin of imports. In the first quarter of 2021, goods imported from China accounted for 16.1% of total UK imports, an increase of 65.6% compared to the first quarter of 2018.
Various data show that the trade partnership between China and the UK is getting closer and closer. As a Chinese crane supplier dedicated to providing crane services to the world, Dongqi Cần Cẩu has been working hard to open up the UK crane market. In the past 2021, Dongqi Crane has won a total of 11 cooperative project orders for various types of cranes in the UK. In recent years, Dongqi Crane has been recognized by British customers for its excellent crane products and services. When 2022 comes, Dongqi Crane will predict and analyze the development and changes of the British crane market in 2022 by collating the data of the British overhead crane market in this article.
Before we start discussing the aerial crane market in UK, we have a few small questions that need to be answered first. Let’s take a look
In 2020, after four years of growth, the UK Overhead Crane market declined, its value fell by -X% to $X. Overall, consumption has shown a sharp downward trend. The rate of growth was most pronounced in 2016, when market cap increased by X% year-over-year. Consumption of overhead cranes peaked at $X in 2007; however, from 2008 to 2020, consumption has remained low.
In value terms, 2020 overhead crane production is estimated to have declined slightly to $X at export prices. Overall, production records fell significantly. The most significant growth rate occurred in 2008, when production increased by X% year-on-year. As a result, production peaked at X dollars. From 2009 to 2020, the output growth rate remained at a low level.
In 2020, approximately X fixed-stand overhead cranes were exported from the UK; -X% reduction on 2019 figures. However, during the period under review, exports showed a relatively flat trend pattern. 2015 saw the fastest growth, with exports increasing by X% year-on-year. As a result, exports peaked at X units. From 2016 to 2020, export growth remained low.
In value terms, 2020 overhead crane exports fell sharply to $X. But overall, there has been a sharp decline in exports. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain momentum.
Algeria (X units), Ireland (X units) and Iraq (X units) were the main destinations for UK overhead crane exports, accounting for X% of total exports. This was followed by Russia, Kazakhstan, Norway, Belgium, Côte d’Ivoire, Thailand, Oman, Canada, Malta and South Africa, which further increased in number from 2007 to 2020, with the largest increase being Côte d’Ivoire (+X% annually), while the other leaders experienced more modest growth rates in shipments.
In value terms, Algeria ($X), Ireland ($X) and Iraq ($X) are the largest markets for UK overhead crane exports globally, accounting for X% of total exports. Kazakhstan, Russia, Thailand, Norway, Belgium, Côte d’Ivoire, Oman, Canada, Malta and South Africa are a little behind, adding up to X major destination countries, Côte d’Ivoire (+X% per annum) recorded the highest export value during the review period growth rate, while shipments from other leading players grew at a more moderate pace.
UK imports of overhead cranes are estimated at X units in 2020, an X% jump from 2019 figures. Overall, however, imports continued to show abrupt cuts. The growth rate was most pronounced in 2015, when imports increased by X% over the previous year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports have remained low.
In value terms, 2020 overhead crane imports fell to X dollars. But overall, imports have fallen sharply. The rate of growth was most pronounced in 2017, with an X% increase over the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, import volumes have remained low.
In 2020, Germany (X units) was the largest supplier of overhead cranes in the UK, accounting for X% of total imports. In addition, overhead cranes imported from Germany were four times higher than the number recorded by the second largest supplier, Thailand (X units). Italy (X units) occupies the third position in the ranking with an X% share.
From 2007 to 2020, the average annual growth rate of sales from Germany was -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Thailand (X% per annum) and Italy (+X% per annum). Germany ($X) is the UK's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by Thailand with an X% share.
From 2007 to 2020, the average annual growth in value from Germany totaled -X%. The average annual growth rates of imports by the remaining suppliers are as follows: Italy (+X% per annum) and Thailand (X% per annum).
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