Ireland: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Ireland

In 2021, the Irish wood drilling machine market decreased by -23.5% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in Ireland

In value terms, wood drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 243% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Ireland

For the third year in a row, Ireland recorded growth in shipments abroad of drilling or morticing machines, which increased by 74% to X units in 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 760%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood drilling machine exports soared to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 887%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) and the UK (X units) were the main destinations of wood drilling machine exports from Ireland.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +61.3%).

In value terms, the UK ($X) remains the key foreign market for drilling or morticing machines exports from Ireland, comprising 100% of total exports. The second position in the ranking was held by the United States ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +66.1%.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, declining by -10.1% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.7%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Ireland

In 2021, wood drilling machine imports into Ireland reduced dramatically to X units, which is down by -30.4% on the year before. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 243%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports shrank notably to $X in 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 356%. Imports peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

India (X units), China (X units) and the UK (X units) were the main suppliers of wood drilling machine imports to Ireland, together accounting for 82% of total imports. Italy, the United States and Germany lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +80.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of drilling or morticing machines to Ireland, comprising 38% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +131.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+55.2% per year) and Italy (+47.7% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, which is down by -19.5% against the previous year. Overall, the import price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 198% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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