Ireland: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Ireland

In 2022, the Irish self-propelled boring machinery market decreased by -15.3% to $X, falling for the second consecutive year after nine years of growth. Over the period under review, consumption saw a abrupt shrinkage. Self-propelled boring machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in Ireland

In value terms, self-propelled boring machinery production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Ireland

In 2022, overseas shipments of self-propelled boring or sinking machinery decreased by 0% to X units, falling for the second year in a row after nine years of growth. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, self-propelled boring machinery exports totaled $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,872%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X units), Egypt (X units) and the United States (X units) were the main destinations of self-propelled boring machinery exports from Ireland, with a combined 99.9% share of total exports.

From 2019 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Egypt ($X) and the United States ($X) constituted the largest markets for self-propelled boring machinery exported from Ireland worldwide.

In terms of the main countries of destination, the United States, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price showed a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 265%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into Ireland

In 2022, overseas purchases of self-propelled boring or sinking machinery decreased by 0% to X units, falling for the second consecutive year after nine years of growth. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 250% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, self-propelled boring machinery imports amounted to $X in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 2,050% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), the Netherlands (X units) and Japan (X units) were the main suppliers of self-propelled boring machinery imports to Ireland, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery suppliers to Ireland were the UK ($X), the Netherlands ($X) and Japan ($X), together accounting for 95% of total imports.

The Netherlands, with a CAGR of +94.8%, saw the highest rates of growth with regard to 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 2022, the average self-propelled boring machinery import price amounted to $X per unit, stabilizing at the previous year. In general, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2013 when the average import price increased by 2,050% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+50.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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