Ireland: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Ireland

The Irish lathe for removing metal market skyrocketed to $X in 2021, rising by 82% 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). Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Ireland

In 2021, exports of lathes for removing metal from Ireland surged to X units, picking up by 529% against the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 600%. Over the period under review, the lafor removing metal exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 301% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for lathe for removing metal exports from Ireland, with a 61% share of total exports. Moreover, lathe for removing metal exports to the UK exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was held by Switzerland (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+300.0% per year) and Switzerland (-53.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for lathes for removing metal exports from Ireland, comprising 58% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Turkey, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.6% per year) and Turkey (+7.3% per year).

Export Prices by Country

In 2021, the average lathe for removing metal export price amounted to $X per unit, dropping by -72.6% against the previous year. Overall, the export price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 an increase of 2,109% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-2.6%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Ireland

In 2021, imports of lathes for removing metal into Ireland soared to X units, with an increase of 130% on 2020 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 339%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, lathe for removing metal imports amounted to $X in 2021. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 62%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the UK (X units) and the United States (X units) were the main suppliers of lathe for removing metal imports to Ireland, together accounting for 57% of total imports. These countries were followed by Spain, Taiwan (Chinese), South Korea and Japan, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +56.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and the United States ($X) constituted the largest lathe for removing metal suppliers to Ireland, together comprising 63% of total imports. These countries were followed by the UK, China, Taiwan (Chinese) and Spain, which together accounted for a further 20%.

China, with a CAGR of +102.3%, recorded the highest rates of growth with regard to 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 2021, the average lathe for removing metal import price amounted to $X per unit, reducing by -50.6% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 335% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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