Ireland: Magnetic Media Market Overview 2021

Magnetic Media Market Size in Ireland

The Irish magnetic media market surged to $X in 2020, picking up by X% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Magnetic Media Production in Ireland

In value terms, magnetic media production contracted remarkably to $X in 2020 estimated in export prices. In general, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Magnetic media production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Magnetic Media Exports

Exports from Ireland

In 2020, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe decreased by -X% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, magnetic media exports shrank sharply to $X in 2020. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for magnetic media exports from Ireland, accounting for a X% share of total exports. Moreover, magnetic media exports to Italy exceeded the volume sent to the second major destination, the UK (X units), twofold. Spain (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Spain (-X% per year).

In value terms, the largest markets for magnetic media exported from Ireland were Italy ($X), the UK ($X) and Spain ($X), together comprising X% of total exports.

The UK saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2020, dropping by -X% against the previous year. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in 2010 an increase of X% year-to-year. The export price peaked at $X per unit in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Magnetic Media Imports

Imports into Ireland

Magnetic media imports into Ireland shrank modestly to X units in 2020, dropping by -X% on 2019 figures. Overall, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. As a result, imports attained the peak of X units. From 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, magnetic media imports reduced slightly to $X in 2020. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2009; however, from 2010 to 2020, imports remained at a lower figure.

Imports by Country

The UK (X units), the U.S. (X units) and the Netherlands (X units) were the main suppliers of magnetic media imports to Ireland, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced a decline.

In value terms, the largest magnetic media suppliers to Ireland were the U.S. ($X), the UK ($X) and the Netherlands ($X), with a combined X% share of total imports.

In terms of the main suppliers, the U.S. recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average magnetic media import price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2019, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnetic media, not recorded, except cards with a magnetic stripe in the world?

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The countries with the highest volumes of magnetic media consumption in 2020 were Brazil (548M units), China (348M units) and Singapore (278M units), together accounting for 48% of global consumption.

What are the largest producers of magnetic media, not recorded, except cards with a magnetic stripe in the world?

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The countries with the highest volumes of magnetic media production in 2020 were Brazil (548M units), China (354M units) and Singapore (336M units), with a combined 55% share of global production. The U.S., Japan, India, Indonesia, Russia, Germany, Nigeria, France and the UK lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of magnetic media, not recorded, except cards with a magnetic stripe to Ireland?

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In value terms, the U.S. ($6.6M), the UK ($4.8M) and the Netherlands ($257K) constituted the largest magnetic media suppliers to Ireland, with a combined 96% share of total imports.

What are the leading importers of magnetic media, not recorded, except cards with a magnetic stripe from Ireland?

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In value terms, Italy ($13M), the UK ($8.9M) and Spain ($5.2M) constituted the largest markets for magnetic media exported from Ireland worldwide, together accounting for 92% of total exports.

What is the average export price for magnetic media, not recorded, except cards with a magnetic stripe in Ireland?

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In 2020, the average magnetic media export price amounted to $11 per unit, declining by -52.8% against the previous year.

What is the average import price for magnetic media, not recorded, except cards with a magnetic stripe in Ireland?

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In 2020, the average magnetic media import price amounted to $108 per unit, remaining constant against the previous year.