Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland - 2023

Contents:

1. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland (CIF) - 2022
2. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland (FOB) - 2023
3. Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland
4. Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland (CIF) - 2022

In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $192 per unit, with an increase of 3.3% against the previous year. Over the last two-year period, it increased at an average annual rate of +7.5%. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Italy ($536 per unit), while the price for Germany ($121 per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland (FOB) - 2023

In December 2023, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $848 per unit, dropping by -51.8% against the previous month. Over the period under review, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 120% against the previous month. As a result, the export price attained the peak level of $1,759 per unit, and then shrank markedly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,423 per unit), while the average price for exports to the UK ($472 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland

In 2022, after three years of growth, there was significant decline in supplies from abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), when their volume decreased by -24.4% to 17K units. In general, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 22K units, and then plummeted in the following year.

In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) reduced rapidly to $3.2M in 2022. Overall, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 60%. As a result, imports attained the peak of $4.2M, and then fell markedly in the following year.

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Ireland in 2022:

1. China (6.5K units)
2. United Kingdom (3.8K units)
3. France (1.7K units)
4. Germany (1.4K units)
5. Netherlands (0.8K units)
6. Taiwan (Chinese) (0.6K units)
7. Italy (0.4K units)
8. Mexico (0.4K units)

Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Ireland

In 2022, approx. 3.1K units of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) were exported from Ireland; declining by -33.5% against the previous year's figure. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked at 5.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) shrank markedly to $1.9M in 2022. Over the period under review, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $2.3M, and then fell sharply in the following year.

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Ireland in 2022:

1. United Kingdom (1212.0 units)
2. Singapore (405.0 units)
3. Germany (322.0 units)
4. United States (312.0 units)
5. Israel (277.0 units)
6. South Africa (88.0 units)
7. Italy (60.0 units)
8. Poland (42.0 units)
9. France (42.0 units)
10. Czech Republic (40.0 units)
11. Netherlands (27.0 units)
12. China (26.0 units)

Source: IndexBox Market Intelligence Platform