Ireland: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Ireland

In 2021, the Irish market for forage harvesters and other harvesting machines decreased by 99.9% to less than $X, falling for the third consecutive year after three years of growth. In general, consumption, however, posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Ireland

In 2020, exports of forage harvesters and other harvesting machines from Ireland fell sharply to X units, declining by -16% compared with 2019. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2015 when exports increased by 77%. The exports peaked at X units in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines plummeted to $X in 2020. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for exports of forage harvesters and other harvesting machines from Ireland, accounting for a 57% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to the UK exceeded the volume sent to the second major destination, Turkey (X units), fourfold. The third position in this ranking was held by Ghana (X units), with a 9.5% share.

From 2012 to 2020, the average annual growth rate of volume to the UK totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Ghana (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Ireland, comprising 81% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.7% share of total exports. It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the UK totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-22.5% per year) and the Netherlands (0.0% per year).

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2020, declining by -30.9% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 111% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2020, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Ireland

In 2020, approx. X units of forage harvesters and other harvesting machines were imported into Ireland; falling by -54.7% on the year before. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 74% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2020, the growth of imports of remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines fell notably to $X in 2020. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 71% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), Germany (X units) and France (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Ireland, with a combined 96% share of total imports.

From 2012 to 2020, the biggest increases were recorded for the UK (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines suppliers to Ireland were Germany ($X), the UK ($X) and the Netherlands ($X), with a combined 97% share of total imports. New Zealand and France lagged somewhat behind, together comprising a further 2.7%.

France, with a CAGR of +26.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, picking up by 6.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :