Ireland: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Ireland

In 2021, the Irish walking-sticks and whips market increased by 62% to $X, rising for the second year in a row after five years of decline. Overall, consumption saw a resilient increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Walking-Sticks And Whips Production in Ireland

In value terms, walking-sticks and whips production declined markedly to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 519% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Ireland

In 2021, exports of walking-sticks, seat-sticks, whips and riding-crops from Ireland reduced to X tons, waning by -8.1% on the year before. Over the period under review, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 57% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, walking-sticks and whips exports skyrocketed to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +226.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 146% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for walking-sticks and whips exports from Ireland, accounting for a 60% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), threefold. Belgium (X kg) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.5% per year) and Belgium (-14.6% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Ireland, comprising 68% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Belgium, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.2% per year) and Belgium (-17.5% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 70%. Over the period under review, the average export prices attained 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 external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Ireland

In 2021, supplies from abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 85% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Ireland, with a 47% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.2% per year) and the UK (-7.3% per year).

In value terms, China ($X), the UK ($X) and Taiwan (Chinese) ($X) appeared to be the largest walking-sticks and whips suppliers to Ireland, together comprising 74% of total imports. These countries were followed by Germany, the Netherlands, France and Pakistan, which together accounted for a further 16%.

Among the main suppliers, the Netherlands, with a CAGR of +90.0%, recorded 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

The average walking-sticks and whips import price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably country of origin: the country with the highest price was Pakistan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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