Ireland: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Ireland

The Irish machine tool for metal market surged to $X in 2021, increasing by 56% against the previous year. Overall, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Ireland

In value terms, machine tool for metal production stood at less than $X in 2021 estimated in export price. Overall, production saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 206% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Ireland

In 2021, after three years of decline, there was significant growth in overseas shipments of machine tools for working metal without removing metal, when their volume increased by 4,785% to X units. In general, exports enjoyed a significant expansion. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports surged to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), Australia (X units) and the United States (X units) were the main destinations of machine tool for metal exports from Ireland, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +50.9%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Ireland, comprising 48% of total exports. The second position in the ranking was taken by Australia ($X), with an 18% share of total exports. It was followed by the United States, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.4% per year) and the United States (+8.3% per year).

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, shrinking by -81.9% against the previous year. Overall, the export price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,088%. The export price peaked at $X per unit in 2020, and then dropped rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Australia ($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 Saudi Arabia (+242.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Ireland

In 2021, approx. X units of machine tools for working metal without removing metal were imported into Ireland; picking up by 111% compared with the year before. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 727% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 686% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest machine tool for metal supplier to Ireland, accounting for a 74% share of total imports. Moreover, machine tool for metal imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+56.9% per year) and the United States (-12.8% per year).

In value terms, the UK ($X) constituted the largest supplier of machine tools for working metal without removing metal to Ireland, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.1% per year) and China (+66.2% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, shrinking by -10.4% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 219%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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