Ireland: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Ireland

The Irish market for parts of harvester and threshers surged to $X in 2021, rising by 61% 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). Overall, consumption showed a strong increase. Parts of harvester and threshers consumption peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Parts Of Harvester And Threshers

Exports from Ireland

In 2021, after four years of growth, there was significant decline in overseas shipments of parts of harvester and threshers, when their volume decreased by -50.9% to X units. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped sharply in the following year.

In value terms, parts of harvester and threshers exports contracted markedly to $X in 2021. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for parts of harvester and threshers exports from Ireland, accounting for a 61% share of total exports. Moreover, parts of harvester and threshers exports to the UK exceeded the volume sent to the second major destination, France (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.7% per year) and Germany (+7.5% per year).

In value terms, the UK ($X) remains the key foreign market for parts of harvester and threshers exports from Ireland, comprising 40% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+30.8% per year) and Germany (+8.5% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, with an increase of 51% against the previous year. Overall, the export price, however, showed a perceptible slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the UK ($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 (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Ireland

In 2021, imports of parts of harvester and threshers into Ireland surged to X units, growing by 18% on the year before. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 51%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of parts of harvester and threshers to Ireland, with a 41% share of total imports. Moreover, parts of harvester and threshers imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Sweden (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.2% per year) and Sweden (+54.4% per year).

In value terms, Germany ($X), Hungary ($X) and France ($X) constituted the largest parts of harvester and threshers suppliers to Ireland, together accounting for 48% of total imports.

France, with a CAGR of +31.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform