Ireland: Video Monitor Market 2024

Video Monitor Market Size in Ireland

The Irish video monitor market fell slightly to $X in 2021, which is down by -4% against the previous year. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Video Monitor Production in Ireland

In value terms, video monitor production shrank dramatically to $X in 2021 estimated in export price. In general, production faced a deep contraction. The growth pace was the most rapid in 2018 when the production volume increased by 1,049%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Video Monitor Exports

Exports from Ireland

In 2021, overseas shipments of video monitors decreased by -5.1% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, saw tangible growth. The pace of growth was the most pronounced in 2018 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, video monitor exports expanded modestly to $X in 2021. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 107%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for video monitor exports from Ireland, with a 44% share of total exports. Moreover, video monitor exports to the UK exceeded the volume sent to the second major destination, the United States (X units), threefold. Israel (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.2% per year) and Israel (+46.0% per year).

In value terms, the UK ($X) remains the key foreign market for video monitors exports from Ireland, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 9.6% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.4% per year) and Germany (-1.3% per year).

Export Prices by Country

The average video monitor export price stood at $X per unit in 2021, growing by 9.9% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, video monitor export price increased by +49.0% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 36%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Video Monitor Imports

Imports into Ireland

In 2021, after seven years of growth, there was decline in purchases abroad of video monitors, when their volume decreased by -2% to X units. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 39% against the previous year. Imports peaked at X units in 2020, and then fell modestly in the following year.

In value terms, video monitor imports reduced to $X in 2021. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank in the following year.

Imports by Country

China (X units), the Netherlands (X units) and the UK (X units) were the main suppliers of video monitor imports to Ireland, together accounting for 81% of total imports. These countries were followed by the Czech Republic, Denmark, Vietnam and the United States, which together accounted for a further 9.3%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +207.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest video monitor suppliers to Ireland were China ($X), the Netherlands ($X) and the UK ($X), with a combined 81% share of total imports. These countries were followed by Vietnam, the United States, the Czech Republic and Denmark, which together accounted for a further 6.8%.

In terms of the main suppliers, Vietnam, with a CAGR of +194.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average video monitor import price amounted to $X per unit, reducing by -1.6% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 66% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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