Ireland: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Ireland

In 2022, the Irish interchangeable spanner socket market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded prominent growth. Interchangeable spanner socket consumption peaked in 2022 and is expected to retain growth in years to come.

Interchangeable Spanner Socket Exports

Exports from Ireland

In 2022, exports of interchangeable spanner sockets from Ireland declined remarkably to X tons, waning by X% against the year before. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, interchangeable spanner socket exports reduced markedly to $X in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main destinations of interchangeable spanner socket exports from Ireland, together accounting for X% of total exports. The Czech Republic and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable spanner socket exported from Ireland were the UK ($X), Germany ($X) and France ($X), together accounting for X% of total exports. Belgium and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed a modest expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X 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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Interchangeable Spanner Socket Imports

Imports into Ireland

In 2022, the amount of interchangeable spanner sockets imported into Ireland declined to X tons, falling by X% compared with 2021. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, interchangeable spanner socket imports rose remarkably to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of interchangeable spanner socket imports to Ireland, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of interchangeable spanner sockets to Ireland, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average interchangeable spanner socket import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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