Ireland: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in Ireland

The Irish network communications equipment market contracted to $X in 2022, waning by -7.4% 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). Over the period under review, consumption, however, continues to indicate buoyant growth. Network communications equipment consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Network Communications Equipment Exports

Exports from Ireland

Network communications equipment exports from Ireland rose slightly to X units in 2022, with an increase of 4.9% on the year before. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 230%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, network communications equipment exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 156% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for network communications equipment exports from Ireland, accounting for a 34% share of total exports. Moreover, network communications equipment exports to the UK exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-14.0% per year) and the United States (-3.4% per year).

It was followed by China, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-6.9% per year) and China (+3.5% per year).

Export Prices by Country

In 2022, the average network communications equipment export price amounted to $X per unit, growing by 13% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Poland ($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 China (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Network Communications Equipment Imports

Imports into Ireland

In 2022, overseas purchases of network communications equipment decreased by -11.7% to X units, falling for the second year in a row after five years of growth. Over the period under review, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 132%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, network communications equipment imports expanded modestly to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of network communications equipment imports to Ireland, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of network communications equipment to Ireland, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.3% per year) and the United States (-18.6% per year).

Import Prices by Country

The average network communications equipment import price stood at $X per unit in 2022, surging by 17% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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