Ireland: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Ireland

After two years of growth, the Irish mill rolling roll market decreased by -22% to $X in 2022. Overall, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Mill Rolling Roll Production in Ireland

In value terms, mill rolling roll production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 6.2%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mill Rolling Roll Exports

Exports from Ireland

In 2022, shipments abroad of rolls for rolling mills decreased by 0% to X units, falling for the third consecutive year after three years of growth. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 500%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, mill rolling roll exports stood at $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 10,100% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) and the UK (X units) were the main destinations of mill rolling roll exports from Ireland.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%).

In value terms, the largest markets for mill rolling roll exported from Ireland were the United States ($X) and the UK ($X).

In terms of the main countries of destination, the UK, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 30,500%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.1%).

Mill Rolling Roll Imports

Imports into Ireland

In 2022, approx. less than X units of rolls for rolling mills were imported into Ireland; remaining constant against the previous year. Over the period under review, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports amounted to $X in 2022. Overall, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 142% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2018, the United States (X units) constituted the largest mill rolling roll supplier to Ireland, accounting for a 55% share of total imports. Moreover, mill rolling roll imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the UK (X units), with an 18% share.

From 2015 to 2018, the average annual rate of growth in terms of volume from the United States totaled -69.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.0% per year) and the UK (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of rolls for rolling mills to Ireland, comprising 54% of total imports. The second position in the ranking was taken by the UK ($X), with a 22% share of total imports. It was followed by Germany, with a 20% share.

From 2015 to 2018, the average annual rate of growth in terms of value from the United States amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+296.2% per year) and Germany (+285.1% per year).

Import Prices by Country

In 2018, the average mill rolling roll import price amounted to $X per unit, reducing by -8.6% against the previous year. In general, the import price, however, showed significant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 2,843%. As a result, import price attained the peak level of $X per unit. From 2017 to 2018, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by the UK (+296.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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