The United Kingdom’s market for printers and copying machines is poised for growth, with a projected increase in consumption by 2.3% CAGR, reaching 1.5 million units and valued at $271 million by 2035. This positive trend is driven by a rising demand for these products in the UK, indicating an upward trajectory in market performance over the next decade.
In 2024, printer and copying machine consumption in the UK declined to 1.2 million units, reflecting a 14% drop compared to the previous year. Despite this decrease, the market has shown resilience over the years, with consumption figures fluctuating but maintaining a somewhat stable trend. The market size in terms of value also experienced a decline in 2024 to $201 million, showcasing a contraction over the period under review.
Production of printers, copying machines, and facsimile machines in the UK reached approximately 94,000 units in 2024. While production levels remained relatively stable, there was a mild downturn in value terms, with production totaling $25 million in the same year. Import of these products into the UK stood at around 1.6 million units in 2024, with a notable decrease from the previous year. Import values also saw a decline to $360 million in the same period.
China emerged as a significant supplier of printers and copying machines to the UK, constituting a substantial share of total imports. The average import price for these products was $218 per unit in 2023, showing a modest increase compared to previous years. Notably, the United States recorded the most notable growth rate in terms of prices among major suppliers, while Japan and Vietnam experienced more modest growth rates.
On the export front, the UK saw a surge in printers and copying machines exports to 558,000 units in 2024, marking a 28% increase from the previous year. In value terms, exports amounted to $184 million in the same period, despite a pronounced contraction over the years. The United States, Ireland, and Germany were the primary destinations for these exports, collectively accounting for a significant share of total exports.
The average export price per unit was $418 in 2023, showing noticeable growth and indicating potential for further expansion. Belgium emerged as a top destination with a higher average export price per unit compared to other countries. The report provides valuable insights into market trends, consumption patterns, production volumes, trade dynamics, and key players in the industry, offering a comprehensive overview for stakeholders looking to make informed decisions and capitalize on market opportunities.
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