Ireland: Non-Household Fan Market 2024

Non-Household Fan Market Size in Ireland

After four years of growth, the Irish non-household fan market decreased by -9.3% to $X in 2022. Overall, consumption recorded resilient growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Non-Household Fan Production in Ireland

In value terms, non-household fan production expanded rapidly to $X in 2022 estimated in export price. Overall, production faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Household Fan Exports

Exports from Ireland

In 2022, shipments abroad of non-household ventilation fans decreased by -40.8% to X units, falling for the fourth year in a row after four years of growth. In general, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 125%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-household fan exports expanded to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 88%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-household fan exports from Ireland, accounting for a 34% share of total exports. Moreover, non-household fan exports to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Spain (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.1% per year) and Spain (+7.2% per year).

It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.8% per year) and Germany (+8.5% per year).

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, picking up by 77% against the previous year. In general, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the United States ($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 Spain (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Ireland

In 2022, purchases abroad of non-household ventilation fans increased by 17% to X units, rising for the fifth year in a row after three years of decline. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +81.3% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-household fan imports dropped dramatically to $X in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Ireland, accounting for a 69% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.0% per year) and Italy (+8.0% per year).

In value terms, China ($X), the UK ($X) and Germany ($X) appeared to be the largest non-household fan suppliers to Ireland, with a combined 64% share of total imports. The United States, Belgium, Italy, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 22%.

Belgium, with a CAGR of +61.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, shrinking by -32.5% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 2021 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined markedly in the following year.

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 United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform