Ireland: Machinery For Packing Market 2024

Machinery For Packing Market Size in Ireland

The Irish machinery for packing market surged to $X in 2022, picking up by 173% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in Ireland

In value terms, machinery for packing production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The growth pace was the most rapid in 2014 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Machinery For Packing Exports

Exports from Ireland

After two years of growth, shipments abroad of machinery for packing or wrapping decreased by -2.6% to X units in 2022. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 36%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports fell to $X in 2022. Overall, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of 56%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), France (X units) and Australia (X units) were the main destinations of machinery for packing exports from Ireland, together accounting for 44% of total exports. The United States, Poland, Spain, Germany, the Czech Republic, Japan, Canada, the Netherlands, Hungary and South Africa lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +108.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Australia ($X) constituted the largest markets for machinery for packing exported from Ireland worldwide, together comprising 46% of total exports.

Australia, with a CAGR of +99.1%, recorded the highest growth rate of 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 2022, the average machinery for packing export price amounted to $X per unit, which is down by -10.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, 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 Canada ($X per unit), while the average price for exports to Poland ($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 Canada (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Ireland

In 2022, approx. X units of machinery for packing or wrapping were imported into Ireland; with an increase of 18% on the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 62%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports contracted to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 73% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), the UK (X units) and Italy (X units) were the main suppliers of machinery for packing imports to Ireland, together comprising 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +106.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing suppliers to Ireland were the United States ($X), the UK ($X) and Germany ($X), together accounting for 56% of total imports. Poland, Italy, the Netherlands, China, San Marino and Hungary lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Poland, with a CAGR of +49.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, waning by -27.2% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2013 an increase of 234%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :