BFPA Statistics update
25 Jul 2019
CETOP Presentations from General Assembly 2019
The CETOP General Assembly for 2019 was held in Český Krumlov, Czech Republic on 12 June, and the latest economic presentations made by 10 member countries present at that meeting can be downloaded from the BFPA Members Only pages of the website.
2018 Fluid Power UK Trade Data
The latest UK trade data for the hydraulic and pneumatic codes for 2018 is now available for download on the Members Only pages of the BFPA website, based on data from H.M. Revenue and Customs. 2018 returned a negative balance of -£34.1 million which is attributable to the pneumatic results (the hydraulic trade balance was around zero) – this was disappointing after a positive trade balance was recorded in 2017 (of + £24.5 million). See the summary chart below:
2018 PRODCOM Data
The first release of provisional estimates for 2018 PRODCOM (UK production sales) have also been published by the Office for National Statistics and these also available for download from the Members Only pages of the BFPA website.
Headline figures (please see the website for detail by product) indicate that fluid power production sales – as reported for the fluid power specific codes (n.b. we do not have codes for many of the product groups such as hose and fittings) in 2018 grew just under 14% to £967 million.
BFPA Salary and Benefits Surveys 2019
The three annual salary and benefits surveys for hydraulics, pneumatics and distributors are now underway – all those companies who reply now receive a top level summary of all three surveys – please reply if you can.
BFPA Economic Forecast Event 9 October 2019
This year’s BFPA Economic Forecast Event will take place at Nifty Lift in Milton Keynes on Wednesday 9 October 2019.
Speakers will be Jeremy Leonard, Director of Industry Services, Oxford Economics, Ms Barbara Warburg of PepsiCo and there will also be a presentation from Nifty Lift (TBC). An informal buffet lunch will provide a good networking opportunity for members of the BFPA and BFPDA and after the presentations, there will be a chance to have a tour of Nifty Lift for those who would like it. All delegates registering for the event will also receive a free twelve months subscription to Oxford Economics’ “World Economic Prospects” (October 2019-September 2020).
Keep an eye out for emails and our Events page as bookings will go live soon.
For your Members Only page LogIn details, please contact us at the BFPA on 01608 647900 and for any queries relating to any of the BFPA statistics work, please contact Sarah Gardner at the BFPA on: sarah@bfpa.co.uk