Ireland: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Ireland

In 2021, the Irish harvesting machinery market decreased by -11.1% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Harvesting Machinery Production in Ireland

In value terms, harvesting machinery production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Harvesting Machinery Exports

Exports from Ireland

In 2020, the amount of root or tuber harvesting machines exported from Ireland soared to X units, increasing by 308% compared with the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 400%. Over the period under review, the exports attained the maximum in 2020 and are likely to continue growth in the near future.

In value terms, harvesting machinery exports soared to $X in 2020. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 450%. The exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

The UK (X units) was the main destination for harvesting machinery exports from Ireland, with a 94% share of total exports. Moreover, harvesting machinery exports to the UK exceeded the volume sent to the second major destination, Egypt (X units), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to the UK amounted to +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and France (-9.4% per year).

In value terms, the UK ($X) remains the key foreign market for root or tuber harvesting machines exports from Ireland, comprising 98% of total exports. The second position in the ranking was held by France ($X), with a 1% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the UK amounted to +83.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.0% per year) and Egypt (0.0% per year).

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2020, declining by -7.3% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 38%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.4%).

Harvesting Machinery Imports

Imports into Ireland

For the sixth year in a row, Ireland recorded growth in supplies from abroad of root or tuber harvesting machines, which increased by 23% to X units in 2020. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 63%. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, harvesting machinery imports soared to $X in 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 89%. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Germany (X units) constituted the largest supplier of harvesting machinery to Ireland, with a 81% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Germany stood at +10.4%.

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Ireland, comprising 87% of total imports. The second position in the ranking was held by the UK ($X), with a 6.1% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Germany totaled +14.7%.

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2020, rising by 11% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2020: its price increased at an average annual rate of +5.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, harvesting machinery import price increased by +42.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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