Ireland: Computing Machinery Market 2024

Computing Machinery Market Size in Ireland

In 2021, the Irish computing machinery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a measured increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Computing Machinery Production in Ireland

In value terms, computing machinery production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. Computing machinery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Computing Machinery Exports

Exports from Ireland

In 2021, after three years of growth, there was significant decline in shipments abroad of computing machinery and parts and accessories thereof, when their volume decreased by -17.6% to X tons. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports shrank to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for computing machinery exports from Ireland, with a 52% share of total exports. Moreover, computing machinery exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.3% per year) and the UK (+0.1% per year).

In value terms, the largest markets for computing machinery exported from Ireland were Germany ($X), the Netherlands ($X) and the UK ($X), together comprising 56% of total exports. Italy, Sweden, Spain, the Czech Republic, Switzerland, the United States, Hong Kong SAR, Denmark, China and Singapore lagged somewhat behind, together comprising a further 44%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, growing by 3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2014 when the average export price increased by 33%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Ireland

In 2021, approx. X tons of computing machinery and parts and accessories thereof were imported into Ireland; stabilizing at the previous year. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 338% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, computing machinery imports dropped modestly to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 42%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main computing machinery supplier to Ireland, accounting for a 117% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 24% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.4% per year) and the Netherlands (+10.8% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Ireland, comprising 26% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by the UK, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.1% per year) and the UK (-1.6% per year).

Import Prices by Country

The average computing machinery import price stood at $X per ton in 2021, reducing by -2% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 205% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then shrank in the following year.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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