Ireland: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Ireland

The Irish self-propelled excavating machinery market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in Ireland

In value terms, self-propelled excavating machinery production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Ireland

In 2022, after two years of growth, there was significant decline in overseas shipments of self-propelled earth moving, excavating machinery, when their volume decreased by X% to X units. Over the period under review, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped markedly in the following year.

In value terms, self-propelled excavating machinery exports dropped to $X in 2022. In general, exports, however, saw mild growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The UK (X units), Spain (X units) and the United States (X units) were the main destinations of self-propelled excavating machinery exports from Ireland, together comprising X% of total exports. Moreover, self-propelled excavating machinery exports in the UK exceeded the figures recorded by the second-largest exporter, Spain, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled excavating machinery exported from Ireland were the UK ($X), Spain ($X) and the United States ($X), with a combined X% share of total exports.

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

Export Prices by Country

The average self-propelled excavating machinery export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports into Ireland

Self-propelled excavating machinery imports into Ireland contracted to X units in 2022, which is down by X% compared with 2021. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports declined notably to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest self-propelled excavating machinery supplier to Ireland, accounting for a X% share of total imports. Moreover, self-propelled excavating machinery imports from the UK exceeded the figures recorded by the second-largest supplier, France (X units), ninefold. Japan (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the UK ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Ireland, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price 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. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :