Ireland: Pump For Liquid Market 2024

Pump For Liquid Market Size in Ireland

The Irish pump for liquid market stood at $X in 2021, picking up by 9.3% against the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Pump For Liquid Production in Ireland

In value terms, pump for liquid production rose significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 121% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pump For Liquid Exports

Exports from Ireland

In 2021, the amount of pumps for liquids and liquid elevators exported from Ireland rose slightly to X units, with an increase of 2.4% on 2020 figures. The total export volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, pump for liquid exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Luxembourg (X units) was the main destination for pump for liquid exports from Ireland, with a 45% share of total exports. Moreover, pump for liquid exports to Luxembourg exceeded the volume sent to the second major destination, Germany (X units), fivefold. The UK (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Luxembourg stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.0% per year) and the UK (+7.5% per year).

In value terms, Luxembourg ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Ireland, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with an 8.1% share of total exports. It was followed by Poland, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Luxembourg totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.8% per year) and Poland (+14.2% per year).

Export Prices by Country

In 2021, the average pump for liquid export price amounted to $X per unit, picking up by 18% against the previous year. In general, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Germany ($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 Switzerland (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Ireland

In 2021, the amount of pumps for liquids and liquid elevators imported into Ireland soared to X units, increasing by 54% compared with the previous year. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 65%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, pump for liquid imports skyrocketed to $X in 2021. In general, imports posted prominent growth. The growth pace was the most rapid in 2013 when imports increased by 105%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X units), China (X units) and Costa Rica (X units) were the main suppliers of pump for liquid imports to Ireland, together comprising 59% of total imports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +2,274.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Germany ($X) were the largest pump for liquid suppliers to Ireland, with a combined 57% share of total imports. These countries were followed by the Netherlands, Italy, Costa Rica and China, which together accounted for a further 27%.

Costa Rica, with a CAGR of +1,116.2%, recorded the highest growth rate of 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

In 2021, the average pump for liquid import price amounted to $X per unit, reducing by -12.9% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pump for liquid import price decreased by -22.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform