Ireland: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Ireland

In 2022, the Irish vacuum vessel market increased by 12% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption, however, continues to indicate a abrupt shrinkage. Vacuum vessel consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Vessel Exports

Exports from Ireland

In 2022, overseas shipments of vacuum vessels increased by 52% to X units, rising for the second consecutive year after three years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 378% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, vacuum vessel exports surged to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 165%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for vacuum vessel exports from Ireland, accounting for a 79% share of total exports. Moreover, vacuum vessel exports to the UK exceeded the volume sent to the second major destination, Norway (X units), more than tenfold. Saudi Arabia (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+56.5% per year) and Saudi Arabia (+30.9% per year).

In value terms, the UK ($X), Norway ($X) and the United States ($X) appeared to be the largest markets for vacuum vessel exported from Ireland worldwide, together accounting for 61% of total exports.

Norway, with a CAGR of +68.4%, saw the highest rates of growth with regard to 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

The average vacuum vessel export price stood at $X per unit in 2022, rising by 17% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 114%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while the average price for exports to the UK ($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 Japan (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Ireland

In 2022, the amount of vacuum vessels imported into Ireland skyrocketed to X units, jumping by 17% against 2021 figures. Over the period under review, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 93% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, vacuum vessel imports rose remarkably to $X in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 128% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest vacuum vessel supplier to Ireland, with a 78% share of total imports. Moreover, vacuum vessel imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-13.9% per year) and Germany (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Ireland, comprising 64% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.9% per year) and Germany (+9.7% per year).

Import Prices by Country

The average vacuum vessel import price stood at $X per unit in 2022, waning by -2.3% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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