Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $37,261 per ton in 2022, growing by 16% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines and mechanical appliances; parts, of those having individual functionses increased by +85.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 31%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($125,967 per ton), while the price for Italy ($11,285 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $46,539 per ton in 2022, picking up by 41% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machines and mechanical appliances; parts, of those having individual functionses increased by +65.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 70%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($121,668 per ton), while the average price for exports to Norway ($9,355 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 Germany (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland

In 2022, approx. 2.7K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Ireland; surging by 6.2% on the year before. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses surged to $99M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Ireland in 2022:

1. Italy (459.1 tons)
2. Netherlands (445.7 tons)
3. United Kingdom (416.5 tons)
4. Germany (401.2 tons)
5. China (318.9 tons)
6. France (155.9 tons)
7. United States (84.1 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ireland

In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Ireland dropped markedly to 156 tons, falling by -47.8% on 2021 figures. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 298 tons, and then dropped notably in the following year.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses dropped markedly to $7.2M in 2022. In general, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. As a result, the exports attained the peak of $9.8M, and then contracted notably in the following year.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Ireland in 2022:

1. United Kingdom (75.0 tons)
2. France (15.6 tons)
3. United States (12.2 tons)
4. Norway (8.6 tons)
5. Lithuania (7.8 tons)
6. Australia (4.8 tons)
7. Belgium (3.1 tons)
8. India (3.0 tons)
9. Netherlands (2.9 tons)
10. Germany (2.6 tons)
11. Switzerland (2.5 tons)
12. Chile (2.3 tons)

Source: IndexBox Market Intelligence Platform