Ireland: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Ireland

In 2022, the Irish electrical signalling apparatus market increased by 4.7% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption, however, posted a mild increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Electrical Signalling Apparatus Exports

Exports from Ireland

In 2022, the amount of electrical apparatus for sound or visual signalling exported from Ireland reduced markedly to X units, dropping by -20.1% against 2021 figures. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 344%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports declined markedly to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,002%. Over the period under review, the exports hit record highs 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 electrical signalling apparatus exports from Ireland, with a 56% share of total exports. Moreover, electrical signalling apparatus exports to the UK exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. The United States (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+89.8% per year) and the United States (+14.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for electrical apparatus for sound or visual signalling exports from Ireland, comprising 45% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +66.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.9% per year) and Saudi Arabia (+207.9% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, reducing by -16.3% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 390%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Saudi Arabia ($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 the United Arab Emirates (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Ireland

In 2022, overseas purchases of electrical apparatus for sound or visual signalling decreased by -13.8% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 40%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports expanded significantly to $X in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of electrical signalling apparatus imports to Ireland, together accounting for 81% of total imports. Israel, the United States and Hong Kong SAR lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Germany ($X) were the largest electrical signalling apparatus suppliers to Ireland, with a combined 64% share of total imports. The United States, Israel and Hong Kong SAR lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Israel, with a CAGR of +51.1%, 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

The average electrical signalling apparatus import price stood at $X per unit in 2022, with an increase of 31% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 88%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :