Ireland: Working Wire Machine Market 2024

Working Wire Machine Market Size in Ireland

In 2021, the Irish working wire machine market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Ireland

In value terms, working wire machine production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Working wire machine production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Ireland

In 2021, after two years of growth, there was significant decline in shipments abroad of machines for working wire, when their volume decreased by -23.7% to X units. Over the period under review, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 55%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, working wire machine exports reduced markedly to $X in 2021. In general, exports continue to indicate a mild downturn. The growth pace was the most rapid in 2013 with an increase of 106% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Italy (X units) and Portugal (X units) were the main destinations of working wire machine exports from Ireland, with a combined 57% share of total exports. These countries were followed by Germany, Malaysia, Turkey, South Africa, Canada, the Czech Republic and France, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from Ireland were Italy ($X), the United States ($X) and Germany ($X), with a combined 52% share of total exports. These countries were followed by South Africa, Turkey, Portugal, Malaysia, Canada, France, the Czech Republic and Poland, which together accounted for a further 47%.

Malaysia, with a CAGR of +63.6%, saw the highest growth rate of the value of exports, in terms of 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

The average working wire machine export price stood at $X per unit in 2021, shrinking by -8.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the Czech Republic ($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 South Africa (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Ireland

In 2021, after four years of growth, there was significant decline in overseas purchases of machines for working wire, when their volume decreased by -24.5% to X units. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 325% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then dropped notably in the following year.

In value terms, working wire machine imports fell dramatically to $X in 2021. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 309% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of working wire machine to Ireland, with a 78% share of total imports. Moreover, working wire machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and the UK (+8.0% per year).

In value terms, the United States ($X), China ($X) and the UK ($X) constituted the largest working wire machine suppliers to Ireland.

The UK, with a CAGR of +5.8%, 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 a decline.

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, falling by -8.1% against the previous year. In general, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 13%. The import price peaked at $X per unit 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 UK ($X per unit), while the price for the United States ($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 UK (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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