Ireland: Seat Market 2024

Seat Market Size in Ireland

For the third year in a row, the Irish seat market recorded growth in sales value, which increased by 39% to $X in 2021. Over the period under review, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Seat Production in Ireland

In value terms, seat production rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. Seat production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Seat Exports

Exports from Ireland

After two years of growth, shipments abroad of seats decreased by -28.4% to X tons in 2021. Overall, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2014 with an increase of 83%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, seat exports shrank markedly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. Over the period under review, the exports reached the maximum at $X in 2020, and then declined rapidly in the following year.

Exports by Country

The UK (X tons) was the main destination for seat exports from Ireland, with a 116% share of total exports. It was followed by France (X tons), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +3.1%.

In value terms, the UK ($X) remains the key foreign market for seats exports from Ireland, comprising 72% of total exports. The second position in the ranking was held by France ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +1.8%.

Export Prices by Country

In 2021, the average seat export price amounted to $X per ton, declining by -18.5% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%).

Seat Imports

Imports into Ireland

In 2021, the amount of seats imported into Ireland skyrocketed to X tons, picking up by 20% against the previous year's figure. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 205% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, seat imports surged to $X in 2021. Over the period under review, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest seat supplier to Ireland, with a 44% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.9% per year) and Italy (-1.9% per year).

In value terms, China ($X) constituted the largest supplier of seats to Ireland, comprising 58% of total imports. The second position in the ranking was taken by the UK ($X), with an 18% share of total imports. It was followed by Italy, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.0% per year) and Italy (+4.9% per year).

Import Prices by Country

The average seat import price stood at $X per ton in 2021, rising by 30% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 248% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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