Ireland: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Ireland

The Irish market for grinding, sanding and polishing machines amounted to $X in 2021, stabilizing at 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, however, continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Ireland

In 2021, grinding, sanding and polishing machine exports from Ireland shrank sharply to X units, declining by -74.7% against the previous year's figure. Over the period under review, exports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 when exports increased by 342% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports declined significantly to $X in 2021. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 537% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +4.2%.

In value terms, the UK ($X) also remains the key foreign market for grinding, sanding and polishing machine exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK stood at -3.6%.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, remaining constant against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when the average export price increased by 315% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices remained 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 the Philippines amounted to +60.6% per year.

Imports of Grinding, Sanding and Polishing Machines

Imports into Ireland

For the third consecutive year, Ireland recorded growth in overseas purchases of grinding, sanding and polishing machines, which increased by 6.6% to X units in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 635%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports reduced markedly to $X in 2021. In general, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by 680%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Ireland, accounting for a 70% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +56.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.2% per year) and Germany (-21.7% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Ireland were the UK ($X), China ($X) and Italy ($X), with a combined 74% share of total imports.

China, with a CAGR of +50.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, declining by -31.7% against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2013 an increase of 17%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for China ($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 (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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