Ireland: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Ireland

In 2021, the Irish full-rotation excavator market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Full-Rotation Excavator Production in Ireland

In value terms, full-rotation excavator production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 6.2%. As a result, production attained the peak level of $X, and then reduced slightly in the following year.

Full-Rotation Excavator Exports

Exports from Ireland

In 2021, the amount of self-propelled full-rotation excavators and bulldozers exported from Ireland surged to X units, picking up by 67% on the previous year. In general, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 83%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, full-rotation excavator exports soared to $X in 2021. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2019 when exports increased by 52% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The UK (X units) was the main destination for full-rotation excavator exports from Ireland, with a 83% share of total exports. Moreover, full-rotation excavator exports to the UK exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Egypt (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+45.4% per year) and Egypt (+21.3% per year).

In value terms, the UK ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Ireland, comprising 87% of total exports. The second position in the ranking was held by the United States ($X), with a 5.4% share of total exports. It was followed by Canada, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+53.3% per year) and Canada (+85.6% per year).

Export Prices by Country

In 2021, the average full-rotation excavator export price amounted to $X per unit, dropping by -12.9% against the previous year. In general, the export price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($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 the United States (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Full-Rotation Excavator Imports

Imports into Ireland

In 2021, the amount of self-propelled full-rotation excavators and bulldozers imported into Ireland surged to X units, jumping by 172% against the previous year's figure. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, full-rotation excavator imports soared to $X in 2021. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of full-rotation excavator to Ireland, with a 72% share of total imports. Moreover, full-rotation excavator imports from the UK exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+57.9% per year) and South Korea (+40.9% per year).

In value terms, the UK ($X) constituted the largest supplier of self-propelled full-rotation excavators and bulldozers to Ireland, comprising 52% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+48.4% per year) and South Korea (+30.3% per year).

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, waning by -27% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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