Ireland: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Ireland

The Irish wood milling machine market soared to $X in 2021, rising by 336% 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 posted a significant increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Wood Milling Machine Exports

Exports from Ireland

Wood milling machine exports from Ireland dropped markedly to X units in 2021, reducing by -68.3% on 2020 figures. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 873% against the previous year. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, wood milling machine exports shrank remarkably to $X in 2021. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 173% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Poland (X units) was the main destination for wood milling machine exports from Ireland, with a 74% share of total exports. Moreover, wood milling machine exports to Poland exceeded the volume sent to the second major destination, Hungary (X units), sevenfold. The UK (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+31.8% per year) and the UK (+5.4% per year).

In value terms, Hungary ($X), Poland ($X) and Germany ($X) were the largest markets for wood milling machine exported from Ireland worldwide, together comprising 97% of total exports.

Hungary, with a CAGR of +24.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, jumping by 57% against the previous year. In general, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 67%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to the UK ($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 Costa Rica (+142.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into Ireland

In 2021, approx. X units of planing, milling or moulding machines were imported into Ireland; increasing by 201% against the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 2,469% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of 423%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), the UK (X units) and China (X units) were the main suppliers of wood milling machine imports to Ireland, together accounting for 78% of total imports. Canada, Belgium, Italy and Turkey lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +154.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of planing, milling or moulding machines to Ireland, comprising 32% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+38.6% per year) and Turkey (+99.9% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, waning by -53.7% against the previous year. Over the period under review, the import price showed a sharp curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 1,127%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-16.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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