Ireland: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in Ireland

The Irish machinery electrical parts market dropped rapidly to $X in 2022, waning by -33.9% against the previous year. Overall, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Machinery Electrical Parts Production in Ireland

In value terms, machinery electrical parts production dropped markedly to $X in 2022 estimated in export price. In general, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Machinery electrical parts production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Machinery Electrical Parts Exports

Exports from Ireland

After three years of growth, overseas shipments of electrical parts of machinery or apparatus decreased by -44.8% to X tons in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,203%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, machinery electrical parts exports fell remarkably to $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,070% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

The Netherlands (X tons), the UK (X tons) and the United States (X tons) were the main destinations of machinery electrical parts exports from Ireland, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +76.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from Ireland, comprising 59% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.1% per year) and the Netherlands (+50.3% per year).

Export Prices by Country

In 2022, the average machinery electrical parts export price amounted to $X per ton, reducing by -1.6% against the previous year. Overall, the export price continues to indicate a dramatic descent. The growth pace was the most rapid in 2016 an increase of 6.4%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-12.7%), while the prices for the other major destinations experienced a decline.

Machinery Electrical Parts Imports

Imports into Ireland

In 2022, the amount of electrical parts of machinery or apparatus imported into Ireland expanded markedly to X tons, increasing by 8.1% against 2021. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 131%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, machinery electrical parts imports skyrocketed to $X in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 110% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest machinery electrical parts supplier to Ireland, accounting for a 54% share of total imports. Moreover, machinery electrical parts imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.8% per year) and Germany (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of electrical parts of machinery or apparatus to Ireland, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 7.6% share of total imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.6% per year) and the Netherlands (+94.7% per year).

Import Prices by Country

The average machinery electrical parts import price stood at $X per ton in 2022, increasing by 34% against the previous year. Over the period under review, the import price saw a temperate expansion. The pace of growth was the most pronounced in 2018 an increase of 172%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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