Ireland: Starter Motor Market 2024

Starter Motor Market Size in Ireland

The Irish starter motor market skyrocketed to $X in 2021, surging by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant expansion. Starter motor consumption peaked in 2021 and is likely to continue growth in the immediate term.

Starter Motor Exports

Exports from Ireland

In 2021, approx. X units of starter motors and dual purpose starter generators were exported from Ireland; which is down by -36.1% on 2020. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 562%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, starter motor exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 492% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), France (X units) and Spain (X units) were the main destinations of starter motor exports from Ireland, with a combined 46% share of total exports. These countries were followed by Germany, Italy, Poland, Belgium, the Netherlands, the United States, Canada, Japan, South Africa and Greece, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +136.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starter motor exported from Ireland were the United States ($X), France ($X) and Spain ($X), together accounting for 49% of total exports. These countries were followed by Germany, the UK, Italy, Poland, the Netherlands, Belgium, South Africa, Greece, Canada and Japan, which together accounted for a further 42%.

Japan, with a CAGR of +174.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average starter motor export price amounted to $X per unit, jumping by 47% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 74% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan ($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 (+62.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Motor Imports

Imports into Ireland

In 2021, supplies from abroad of starter motors and dual purpose starter generators increased by 29% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports showed a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, starter motor imports stood at $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Netherlands (X units) and India (X units) were the main suppliers of starter motor imports to Ireland, together comprising 66% of total imports. The UK, Italy, Germany, Poland, Denmark, the United States and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +64.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Ireland, comprising 32% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.1% per year) and the UK (-10.3% per year).

Import Prices by Country

In 2021, the average starter motor import price amounted to $X per unit, with a decrease of -17% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2015 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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