Ireland: Hand Stamp Market 2024

Hand Stamp Market Size in Ireland

In 2022, the Irish hand stamp market decreased by 0% to $X, falling for the second consecutive year after four years of growth. In general, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Hand Stamp Production in Ireland

In value terms, hand stamp production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 5.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hand Stamp Exports

Exports from Ireland

For the fourth year in a row, Ireland recorded decline in overseas shipments of stamps for use in the hand, which decreased by 0% to X units in 2022. Over the period under review, exports saw a precipitous shrinkage. The growth pace was the most rapid in 2015 when exports increased by 15%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hand stamp exports totaled $X in 2022. In general, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for hand stamp exports from Ireland, accounting for a 64% share of total exports. Moreover, hand stamp exports to Norway exceeded the volume sent to the second major destination, the UK (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-38.8% per year) and the United States (+94.9% per year).

It was followed by the United States, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-33.6% per year) and the United States (+88.0% per year).

Export Prices by Country

In 2022, the average hand stamp export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hand Stamp Imports

Imports into Ireland

In 2022, purchases abroad of stamps for use in the hand decreased by 0% to X units, falling for the fourth consecutive year after three years of growth. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports amounted to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand stamp to Ireland, with a 59% share of total imports. Moreover, hand stamp imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.5% per year) and Germany (+1.3% per year).

In value terms, China ($X), the UK ($X) and the Netherlands ($X) constituted the largest hand stamp suppliers to Ireland, with a combined 62% share of total imports.

The Netherlands, with a CAGR of +46.3%, saw the highest growth rate of 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 hand stamp import price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 30%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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