Ireland: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Ireland

In 2021, the Irish machine-tool for removing material market increased by 72% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Ireland

In 2021, the amount of machine-tools for working any material by removal of material exported from Ireland surged to X units, with an increase of 999% on the previous year's figure. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 432% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), the UK (X units) and Slovenia (X units) were the main destinations of machine-tool for removing material exports from Ireland, together accounting for 72% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +160.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Ireland were Slovenia ($X), the UK ($X) and the Czech Republic ($X), with a combined 76% share of total exports.

The UK, with a CAGR of +79.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 machine-tool for removing material export price amounted to $X per unit, falling by -69.2% against the previous year. Over the period under review, the export price faced a significant decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the average price for exports to Vietnam ($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 the United States (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Ireland

In 2021, overseas purchases of machine-tools for working any material by removal of material increased by 80% to X units, rising for the second year in a row after two years of decline. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 1,059% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, machine-tool for removing material imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 74% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of machine-tool for removing material to Ireland, with a 49% share of total imports. Moreover, machine-tool for removing material imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +95.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.5% per year) and Germany (+36.8% per year).

In value terms, the largest machine-tool for removing material suppliers to Ireland were the UK ($X), China ($X) and the United States ($X), with a combined 55% share of total imports. The Netherlands, Turkey, Germany, Singapore and Thailand lagged somewhat behind, together comprising a further 28%.

Turkey, with a CAGR of +246.4%, 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

The average machine-tool for removing material import price stood at $X per unit in 2021, declining by -24.8% against the previous year. Overall, the import price recorded a sharp slump. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 the UK ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-16.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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