Ireland: Woolen Fabric Market 2022

Woolen Fabric Market Size in Ireland

The Irish woolen fabric market was finally on the rise to reach $X in 2021, after six years of decline. In general, consumption, however, recorded a mild curtailment. Woolen fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Woolen Fabric Production in Ireland

In value terms, woolen fabric production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a perceptible shrinkage. Woolen fabric production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports from Ireland

In 2021, approx. X square meters of woven woolen fabrics were exported from Ireland; growing by 9.9% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 34%. Over the period under review, the exports attained the maximum at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports dropped to $X in 2021. In general, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X square meters), the UK (X square meters) and France (X square meters) were the main destinations of woolen fabric exports from Ireland, with a combined 43% share of total exports. These countries were followed by the United States, Hong Kong SAR, Morocco, the United Arab Emirates, India, China, Italy, Canada and Japan, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +113.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) constituted the largest markets for woolen fabric exported from Ireland worldwide, with a combined 43% share of total exports. These countries were followed by the United States, Hong Kong SAR, Italy, Morocco, China, the United Arab Emirates, India, Canada and Japan, which together accounted for a further 43%.

In terms of the main countries of destination, Morocco, with a CAGR of +97.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average woolen fabric export price amounted to $X per square meter, declining by -19.7% against the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.5%), while the prices for the other major destinations experienced a decline.

Woolen Fabric Imports

Imports into Ireland

In 2021, imports of woven woolen fabrics into Ireland skyrocketed to X square meters, jumping by 92% against 2020 figures. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, woolen fabric imports reached $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.0% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X square meters) constituted the largest supplier of woolen fabric to Ireland, with a 74% share of total imports. Moreover, woolen fabric imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.4% per year) and Portugal (-10.1% per year).

In value terms, the UK ($X), Italy ($X) and Portugal ($X) constituted the largest woolen fabric suppliers to Ireland, together accounting for 94% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2021, waning by -40.7% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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