Ireland: Iron Household Articles Market 2024

Iron Household Articles Market Size in Ireland

In 2021, the Irish iron household articles market decreased by -45.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, posted buoyant growth. Iron household articles consumption peaked at $X in 2020, and then plummeted in the following year.

Iron Household Articles Exports

Exports from Ireland

In 2021, exports of table, kitchen or household articles and parts of iron from Ireland soared to X tons, with an increase of 65% on the year before. In general, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when exports increased by 475%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron household articles exports soared to $X in 2021. Over the period under review, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 287% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for iron household articles exports from Ireland, accounting for a 88% share of total exports. Moreover, iron household articles exports to the UK exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+27.7% per year) and the United States (+11.2% per year).

In value terms, the UK ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Ireland, comprising 56% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Australia, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.4% per year) and Australia (+29.1% per year).

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, with a decrease of -16.4% against the previous year. Overall, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+217.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Ireland

In 2021, after nine years of growth, there was significant decline in supplies from abroad of table, kitchen or household articles and parts of iron, when their volume decreased by -28.4% to X tons. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Imports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, iron household articles imports fell notably to $X in 2021. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Imports peaked at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of iron household articles to Ireland, accounting for a 61% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.0% per year) and the Netherlands (+29.9% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Ireland, comprising 54% of total imports. The second position in the ranking was held by the UK ($X), with a 25% share of total imports. It was followed by the Netherlands, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.6% per year) and the Netherlands (+34.4% per year).

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2021, which is down by -33.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then reduced notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :