Ireland: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Ireland

The Irish mechanical shovel and excavator market skyrocketed to $X in 2021, increasing by 125% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Ireland

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported from Ireland; with an increase of 53% compared with the year before. Over the period under review, exports saw a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for mechanical shovel and excavator exports from Ireland, accounting for a 51% share of total exports. Moreover, mechanical shovel and excavator exports to the UK exceeded the volume sent to the second major destination, Egypt (X units), threefold. The United States (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+46.0% per year) and the United States (+67.0% per year).

In value terms, the UK ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Ireland, comprising 67% of total exports. The second position in the ranking was held by Egypt ($X), with an 8.2% share of total exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+27.2% per year) and the United States (+64.4% per year).

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, shrinking by -3.9% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Australia ($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 the Netherlands (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Ireland

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into Ireland skyrocketed to X units, increasing by 135% against the previous year's figure. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X units) constituted the largest mechanical shovel and excavator supplier to Ireland, accounting for a 55% share of total imports. Moreover, mechanical shovel and excavator imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+41.4% per year) and Japan (+56.2% per year).

In value terms, the UK ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to Ireland, comprising 47% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+46.8% per year) and Belgium (+29.3% per year).

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, reducing by -22.2% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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