Ireland: Vices And Clamps Market 2024

Vices And Clamps Market Size in Ireland

The Irish vices and clamps market surged to $X in 2022, with an increase of 23% 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). Overall, consumption enjoyed a prominent increase. Vices and clamps consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Vices And Clamps Exports

Exports from Ireland

In 2022, approx. X tons of vices and clamps were exported from Ireland; reducing by -44.7% compared with the previous year's figure. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 238%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, vices and clamps exports surged to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 117%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), the UK (X tons) and Slovakia (X tons) were the main destinations of vices and clamps exports from Ireland, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +41.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for vices and clamps exports from Ireland, comprising 55% of total exports. The second position in the ranking was taken by the UK ($X), with a 23% share of total exports. It was followed by Slovakia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.3% per year) and Slovakia (+9.1% per year).

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, jumping by 115% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Vices And Clamps Imports

Imports into Ireland

In 2022, vices and clamps imports into Ireland expanded notably to X tons, with an increase of 13% against the previous year's figure. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 335% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, vices and clamps imports surged to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 172% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest vices and clamps supplier to Ireland, accounting for a 57% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and the UK (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of vices and clamps to Ireland, comprising 53% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.5% per year) and the United States (-1.4% per year).

Import Prices by Country

In 2022, the average vices and clamps import price amounted to $X per ton, picking up by 4.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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