Ireland: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Ireland

The Irish stone polishing machine market soared to $X in 2021, with an increase of 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a temperate expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Stone Polishing Machine Exports

Exports from Ireland

In 2021, stone polishing machine exports from Ireland skyrocketed to X units, increasing by 4,550% against 2020. Overall, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine exports soared to $X in 2021. In general, exports, however, showed a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for stone polishing machine exports from Ireland, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +258.3%.

In value terms, the UK ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Ireland, comprising 97% of total exports. The second position in the ranking was held by France ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +108.5%.

Export Prices by Country

In 2021, the average stone polishing machine export price amounted to $X per unit, with a decrease of -47.5% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 127% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to France amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Ireland

Stone polishing machine imports into Ireland soared to X units in 2021, with an increase of 55% on the year before. Over the period under review, imports enjoyed a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 75%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Sweden (X units) were the main suppliers of stone polishing machine imports to Ireland, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +319.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Ireland were Italy ($X), France ($X) and the UK ($X), together comprising 59% of total imports. These countries were followed by Sweden, China, Belgium and Germany, which together accounted for a further 25%.

Sweden, with a CAGR of +267.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 stone polishing machine import price amounted to $X per unit, growing by 9.5% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stone polishing machine import price decreased by -30.7% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of 97% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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