Ireland: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Ireland

In 2021, the Irish machine-tool for working wood market increased by 21% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, saw a mild slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Ireland

In value terms, machine-tool for working wood production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports from Ireland

After five years of growth, overseas shipments of machine-tools for working wood decreased by -33.8% to X tons in 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports contracted rapidly to $X in 2021. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 63% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for machine-tool for working wood exports from Ireland, with a 68% share of total exports. Moreover, machine-tool for working wood exports to the UK exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was taken by Chile (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+109.6% per year) and Chile (+5.5% per year).

In value terms, the UK ($X) remains the key foreign market for machine-tools for working wood exports from Ireland, comprising 61% of total exports. The second position in the ranking was held by Australia ($X), with a 7.9% share of total exports. It was followed by the United States, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+88.5% per year) and the United States (-13.3% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, which is down by -20.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 74%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) 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 (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Wood

Imports into Ireland

In 2021, imports of machine-tools for working wood into Ireland soared to X tons, rising by 65% on the previous year's figure. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 151% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working wood imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 168% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Ireland, with a 34% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.4% per year) and Germany (+12.9% per year).

In value terms, the UK ($X), China ($X) and Germany ($X) appeared to be the largest machine-tool for working wood suppliers to Ireland, together comprising 56% of total imports. Italy, the Netherlands, the United States, Taiwan (Chinese), Turkey, Belgium and Austria lagged somewhat behind, together accounting for a further 31%.

Turkey, with a CAGR of +80.3%, recorded the highest rates of growth with regard to 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 machine-tool for working wood import price amounted to $X per ton, falling by -25.6% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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