Ireland: Laser Market 2024

Laser Market Size in Ireland

The Irish laser market declined markedly to $X in 2021, which is down by -23.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a significant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Laser Exports

Exports from Ireland

After two years of decline, shipments abroad of lasers, other than laser diodes increased by 61% to X units in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 858% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, laser exports surged to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 503% 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 somewhat lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of laser exports from Ireland, together accounting for 80% of total exports. These countries were followed by the United States, the UK and Russia, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +181.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest markets for laser exported from Ireland worldwide, with a combined 68% share of total exports. The United States, the UK and Russia lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Russia, with a CAGR of +216.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average laser export price amounted to $X per unit, dropping by -12.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 45%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Ireland

In 2021, supplies from abroad of lasers, other than laser diodes decreased by -4.3% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 810% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, laser imports declined remarkably to $X in 2021. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 616%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and the United States (X units) were the main suppliers of laser imports to Ireland, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +67.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the United States ($X) appeared to be the largest laser suppliers to Ireland, together accounting for 84% of total imports. Japan, the UK, France, China and Italy lagged somewhat behind, together comprising a further 11%.

France, with a CAGR of +62.8%, recorded the highest growth rate of the value of imports, among 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 2021, the average laser import price amounted to $X per unit, falling by -16.9% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laser import price increased by +48.1% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 46%. As a result, import price reached the peak level of $X per unit, and then reduced rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+285.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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