Ireland: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Ireland

After two years of decline, the Irish agricultural forestry machinery market increased by 11% to $X in 2022. Overall, consumption, however, continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Agricultural Forestry Machinery Production in Ireland

In value terms, agricultural forestry machinery production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 111% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Agricultural Forestry Machinery Exports

Exports from Ireland

After three years of decline, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by 15% to X units in 2022. In general, exports, however, saw a mild setback. The growth pace was the most rapid in 2014 with an increase of 24%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, agricultural forestry machinery exports reduced to $X in 2022. Over the period under review, exports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 45%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for agricultural forestry machinery exports from Ireland, with a 80% share of total exports. Moreover, agricultural forestry machinery exports to the UK exceeded the volume sent to the second major destination, Poland (X units), eightfold. The third position in this ranking was held by France (X units), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+95.5% per year) and France (-3.1% per year).

It was followed by Poland, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.5% per year) and Poland (+88.3% per year).

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, which is down by -13.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+13.9%), while the prices for the other major destinations experienced a decline.

Agricultural Forestry Machinery Imports

Imports into Ireland

In 2022, approx. X units of agricultural forestry machinery (lawn or sportsground rollers) were imported into Ireland; with a decrease of -37.5% against 2021 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 197% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, agricultural forestry machinery imports plummeted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of agricultural forestry machinery to Ireland, accounting for a 46% share of total imports. Moreover, agricultural forestry machinery imports from the UK exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.8% per year) and Germany (-13.2% per year).

In value terms, the UK ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Ireland, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.2% per year) and Germany (-9.5% per year).

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, with an increase of 16% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 272%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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