Ireland: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Ireland

In 2022, the Irish trailer and semi-trailer market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, saw a perceptible setback. Trailer and semi-trailer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Ireland

In value terms, trailer and semi-trailer production dropped modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 86%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Ireland

Trailer and semi-trailer exports from Ireland was estimated at X units in 2022, therefore, remained relatively stable against the year before. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 98% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, trailer and semi-trailer exports totaled $X in 2022. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 82%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X units) was the main destination for trailer and semi-trailer exports from Ireland, accounting for a 84% share of total exports. Moreover, trailer and semi-trailer exports to the UK exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Denmark (X units), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.8% per year) and Denmark (-1.5% per year).

It was followed by Denmark, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.9% per year) and Denmark (+0.6% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 34%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to New Zealand ($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 Denmark (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Ireland

In 2022, approx. X units of cargo trailers and semi-trailers were imported into Ireland; remaining stable against the previous year. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 59%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer imports amounted to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of trailer and semi-trailer to Ireland, with a 71% share of total imports. Moreover, trailer and semi-trailer imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.0% per year) and Germany (+24.2% per year).

In value terms, the UK ($X), Germany ($X) and France ($X) appeared to be the largest trailer and semi-trailer suppliers to Ireland, with a combined 78% share of total imports. Luxembourg, the Netherlands, Belgium, China and Poland lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Poland, with a CAGR of +127.8%, recorded the highest growth rate of 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

The average trailer and semi-trailer import price stood at $X per unit in 2022, leveling off at the previous year. In general, the import price enjoyed moderate growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 49%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform