Ireland: Wire And Cable Market 2025

Wire And Cable Market Size in Ireland

The Irish wire and cable market skyrocketed to $X in 2021, rising by 40% against the previous year. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Wire And Cable Production in Ireland

In value terms, wire and cable production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Wire And Cable Exports

Exports from Ireland

In 2021, after two years of decline, there was significant growth in shipments abroad of insulated wire and cable, when their volume increased by 62% to X tons. Over the period under review, exports, however, showed a slight curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports declined to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for wire and cable exports from Ireland, accounting for a 66% share of total exports. Moreover, wire and cable exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.2% per year) and the Czech Republic (-23.5% per year).

In value terms, the Netherlands ($X), the UK ($X) and Sweden ($X) appeared to be the largest markets for wire and cable exported from Ireland worldwide, with a combined 57% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +5.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average wire and cable export price amounted to $X per ton, declining by -43.5% against the previous year. Overall, the export price, however, posted a modest expansion. The pace of growth appeared the most rapid in 2015 an increase of 72% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($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 (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Ireland

In 2021, after two years of decline, there was significant growth in purchases abroad of insulated wire and cable, when their volume increased by 46% to X tons. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports surged to $X in 2021. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest wire and cable supplier to Ireland, accounting for a 44% share of total imports. Moreover, wire and cable imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.5% per year) and the UK (-2.9% per year).

In value terms, the largest wire and cable suppliers to Ireland were Turkey ($X), Germany ($X) and China ($X), together comprising 59% of total imports. These countries were followed by the UK, Spain, Egypt, the United States and Portugal, which together accounted for a further 17%.

Among the main suppliers, Egypt, with a CAGR of +42.4%, 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 wire and cable import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off 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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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