Ireland: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Ireland

In 2021, the Irish wood bending machine market decreased by -2.2% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, posted a buoyant expansion. Wood bending machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wood Bending Machine Exports

Exports from Ireland

Wood bending machine exports from Ireland shrank notably to X units in 2021, waning by -94.7% compared with 2020 figures. In general, exports showed a precipitous descent. The pace of growth was the most pronounced in 2019 with an increase of 267%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports reduced sharply to $X in 2021. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 331% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for wood bending machine exports from Ireland, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for wood bending machine exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +81.9%.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, increasing by 44% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +20.6% per year.

Wood Bending Machine Imports

Imports into Ireland

In 2021, overseas purchases of bending or assembling machines decreased by -18.9% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 260% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, wood bending machine imports shrank to $X in 2021. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 249% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X units), Austria (X units) and Italy (X units) were the main suppliers of wood bending machine imports to Ireland, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and the UK ($X) constituted the largest wood bending machine suppliers to Ireland, together comprising 73% of total imports. These countries were followed by Germany, China, San Marino, Spain and the United States, which together accounted for a further 25%.

China, with a CAGR of +77.1%, recorded the highest growth rate of the value of imports, among the main suppliers 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 wood bending machine import price amounted to $X per unit, growing by 8.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 150%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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