Ireland: Underground Continuous-Action Elevator Market 2025

Underground Continuous-Action Elevator Market Size in Ireland

The Irish underground continuous-action elevator market skyrocketed to $X in 2021, increasing by 18% against the previous year. In general, consumption, however, recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Underground Continuous-Action Elevator Production in Ireland

In value terms, underground continuous-action elevator production amounted to $X in 2021 estimated in export price. In general, production, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports from Ireland

In 2021, the amount of underground continuous-action elevators and conveyors exported from Ireland soared to X units, picking up by 20% against the previous year. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 2,297% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 503%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Latvia (X units) was the main destination for underground continuous-action elevator exports from Ireland, accounting for a 95% share of total exports. Moreover, underground continuous-action elevator exports to Latvia exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Latvia totaled -34.4%.

In value terms, Latvia ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Ireland, comprising 95% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.1% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Latvia totaled +3.3%.

Export Prices by Country

In 2021, the average underground continuous-action elevator export price amounted to $X per unit, surging by 60% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 381%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Latvia stood at $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+57.5%).

Underground Continuous-Action Elevator Imports

Imports into Ireland

In 2021, overseas purchases of underground continuous-action elevators and conveyors increased by 54% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 162% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 165% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) was the main supplier of underground continuous-action elevator to Ireland, accounting for a 96% share of total imports. Moreover, underground continuous-action elevator imports from the UK exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +17.9%.

In value terms, the UK ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Ireland, comprising 98% of total imports. The second position in the ranking was held by Denmark ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +15.7%.

Import Prices by Country

In 2021, the average underground continuous-action elevator import price amounted to $X per unit, flattening at the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 84%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Denmark totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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