Ireland: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Ireland

In 2021, the Irish wood bending machine market increased by 25% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a notable expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Production in Ireland

In value terms, wood bending machine production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 42%. Wood bending machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports from Ireland

Wood bending machine exports from Ireland fell dramatically to X units in 2021, dropping by -75% against the year before. Overall, exports, however, showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 900% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports shrank sharply to $X in 2021. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 2,000%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) and the UK (X units) were the main destinations of wood bending machine exports from Ireland.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of 0.0%).

In value terms, the UK ($X) emerged as the key foreign market for bending or assembling machines exports from Ireland, comprising 83% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +81.9%.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, which is down by -61.8% against the previous year. In general, the export price, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2020 when the average export price increased by 154% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Ireland

In 2021, after three years of decline, there was significant growth in purchases abroad of bending or assembling machines, when their volume increased by 161% to X units. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 294%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports contracted to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 249%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Austria (X units) constituted the largest wood bending machine supplier to Ireland, accounting for a 63% share of total imports. Moreover, wood bending machine imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +75.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.6% per year) and Germany (+38.3% per year).

In value terms, Austria ($X), Italy ($X) and the UK ($X) constituted the largest wood bending machine suppliers to Ireland, with a combined 73% share of total imports. Germany, China and Brazil lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, China, with a CAGR of +77.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, shrinking by -66.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 70%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+26.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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