Ireland: Pile-Driver Market 2024

Pile-Driver Market Size in Ireland

The Irish pile-driver market surged to $X in 2021, growing by 60% against the previous year. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Pile-Driver Production in Ireland

In value terms, pile-driver production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Pile-Driver Exports

Exports from Ireland

After two years of growth, shipments abroad of pile-drivers and pile-extractors decreased by -6.1% to X units in 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 712%. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, pile-driver exports contracted significantly to $X in 2021. Over the period under review, exports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 288% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The UK (X units) was the main destination for pile-driver exports from Ireland, accounting for a 86% share of total exports. Moreover, pile-driver exports to the UK exceeded the volume sent to the second major destination, the United States (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.0% per year) and the Netherlands (-96.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for pile-drivers and pile-extractors exports from Ireland, comprising 86% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.5% per year) and the Netherlands (-74.1% per year).

Export Prices by Country

The average pile-driver export price stood at $X per unit in 2021, with a decrease of -14.2% against the previous year. Over the period under review, the export price faced a dramatic downturn. The most prominent rate of growth was recorded in 2016 an increase of 654%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 (+698.1%), while the prices for the other major destinations experienced a decline.

Pile-Driver Imports

Imports into Ireland

In 2021, overseas purchases of pile-drivers and pile-extractors increased by 9.2% to X units, rising for the third year in a row after two years of decline. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 3,950%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pile-driver imports reduced to $X in 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 8,778%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

The UK (X units), Belgium (X units) and Austria (X units) were the main suppliers of pile-driver imports to Ireland, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +89.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of pile-drivers and pile-extractors to Ireland, comprising 75% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +76.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-26.3% per year) and Austria (0.0% per year).

Import Prices by Country

The average pile-driver import price stood at $X per unit in 2021, shrinking by -18.8% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 165% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+66.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :