Ireland: Threshing Machinery Market 2024

Threshing Machinery Market Size in Ireland

The Irish threshing machinery market reached $X in 2022, growing by 3.9% against the previous year. In general, consumption, however, saw a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Ireland

In value terms, threshing machinery production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 when the production volume increased by 59% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Threshing Machinery Exports

Exports from Ireland

In 2022, shipments abroad of threshing machinery except combine harvester-threshers decreased by -10.9% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,122%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports rose slightly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 1,161%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for threshing machinery exports from Ireland, accounting for a 64% share of total exports. Moreover, threshing machinery exports to France exceeded the volume sent to the second major destination, the UK (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.3% per year) and Norway (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for threshing machinery except combine harvester-threshers exports from Ireland, comprising 65% of total exports. The second position in the ranking was held by the UK ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.0% per year) and Norway (+76.7% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, surging by 17% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threshing machinery export price increased by +43.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Norway ($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 Norway (+70.9%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Ireland

In 2022, supplies from abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by 108% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, threshing machinery imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 173%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of threshing machinery to Ireland, accounting for a 69% share of total imports. Moreover, threshing machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.8% per year) and the UK (-2.8% per year).

In value terms, Germany ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Ireland, comprising 87% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-17.0% per year) and the UK (-2.8% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, jumping by 44% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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