Ireland: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Ireland

In 2022, the Irish snow motor vehicle market decreased by -22.9% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, recorded a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Snow Motor Vehicle Exports

Exports from Ireland

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars decreased by 0% to X units, falling for the third consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 267%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, snow motor vehicle exports amounted to $X in 2022. Over the period under review, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 250%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for snow motor vehicle exports from Ireland, with a 65% share of total exports. Moreover, snow motor vehicle exports to Hong Kong SAR exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by Australia (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.9% per year) and Australia (0.0% per year).

In value terms, the largest markets for snow motor vehicle exported from Ireland were Hong Kong SAR ($X), Australia ($X) and the UK ($X), with a combined 95% share of total exports. These countries were followed by the United States, which accounted for a further 3.8%.

Among the main countries of destination, the United States, with a CAGR of +45.7%, recorded the highest rates of growth with regard to the value of exports, 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 snow motor vehicle export price amounted to $X per unit, approximately equating the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 47%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Hong Kong SAR ($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 (+45.7%), while the prices for the other major destinations experienced mixed trend patterns.

Snow Motor Vehicle Imports

Imports into Ireland

In 2022, supplies from abroad of motor vehicles for travelling on snow or golf cars decreased by 0% to X units, falling for the second consecutive year after four years of growth. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 54%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, snow motor vehicle imports totaled $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 84% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of snow motor vehicle to Ireland, with a 44% share of total imports. Moreover, snow motor vehicle imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The UK (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.9% per year) and the UK (-4.6% per year).

In value terms, the United States ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Ireland, comprising 54% of total imports. The second position in the ranking was taken by the UK ($X), with a 23% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.4% per year) and China (+44.5% per year).

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Vietnam ($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 UK (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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