Ireland: Lamp Holder Market 2024

Lamp Holder Market Size in Ireland

In 2022, the Irish lamp holder market increased by 5.5% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed prominent growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Lamp Holder Production in Ireland

In value terms, lamp holder production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 115% against the previous year. Lamp holder production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lamp Holder Exports

Exports from Ireland

In 2022, overseas shipments of lamp holders, plugs and sockets were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, recorded a deep slump. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, lamp holder exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 32%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for lamp holder exports from Ireland, accounting for a 0.9% share of total exports. Moreover, lamp holder exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.5% per year) and Germany (-15.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for lamp holders, plugs and sockets exports from Ireland, comprising 31% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.6% per year) and Germany (-11.0% per year).

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, picking up by 60% against the previous year. In general, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 South Africa ($X per ton), while the average price for exports to the UK ($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 United States (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Ireland

In 2022, approx. X tons of lamp holders, plugs and sockets were imported into Ireland; increasing by 22% on 2021 figures. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, lamp holder imports reached $X in 2022. Overall, imports posted strong growth. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest lamp holder supplier to Ireland, with a 0.8% share of total imports. Moreover, lamp holder 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 a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.9% per year) and Germany (+4.4% per year).

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Ireland, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.2% per year) and the UK (-3.1% per year).

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($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 (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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