Ireland: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Ireland

In 2022, after two years of growth, there was significant decline in the Irish machine-tool for working metal market, when its value decreased by X% to $X. Overall, consumption, however, recorded a buoyant increase. Machine-tool for working metal consumption peaked at $X in 2021, and then fell sharply in the following year.

Exports of Machine Tools For Working Metal

Exports from Ireland

After three years of growth, shipments abroad of machine tools for working metal decreased by X% to X units in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, machine-tool for working metal exports dropped dramatically to $X in 2022. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for machine-tool for working metal exports from Ireland, accounting for a X% share of total exports. Moreover, machine-tool for working metal exports to the UK exceeded the volume sent to the second major destination, Hungary (X units), eightfold. The third position in this ranking was taken by Italy (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Italy (X% per year).

In value terms, the UK ($X) remains the key foreign market for machine tools for working metal exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average machine-tool for working metal export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Machine Tools For Working Metal

Imports into Ireland

In 2022, supplies from abroad of machine tools for working metal decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, machine-tool for working metal imports fell remarkably to $X in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of machine-tool for working metal to Ireland, with a X% share of total imports. Moreover, machine-tool for working metal imports from Turkey exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the largest machine-tool for working metal suppliers to Ireland were Germany ($X), Turkey ($X) and the United States ($X), together accounting for X% of total imports. The UK, Austria, Italy, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine-tool for working metal import price amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :