Ireland: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Ireland

In 2022, after two years of decline, there was significant growth in the Irish market for machine-tools for working stone, ceramics, and concrete, when its value increased by 6,425% to $X. In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Ireland

In value terms, machine tools for working stone production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Ireland

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete decreased by 0% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 3,753% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports amounted to $X in 2022. Overall, exports saw a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 3,211% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for machine tools for working stone exports from Ireland, accounting for a 97% share of total exports. It was followed by the United States (X units), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.5% per year) and India (-41.8% per year).

In value terms, the United States ($X), the UK ($X) and India ($X) appeared to be the largest markets for machine tools for working stone exported from Ireland worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +16.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, almost unchanged from the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 280% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Ireland

In 2022, supplies from abroad of machine-tools for working stone, ceramics, and concrete decreased by 0% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 503%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports amounted to $X in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 777% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and the UK (X units) were the main suppliers of machine tools for working stone imports to Ireland, with a combined 71% share of total imports. Turkey, Japan, Lithuania, the United States and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +134.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Ireland, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +195.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+29.3% per year) and the United States (+42.9% per year).

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, remaining stable against the previous year. Overall, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 158%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :