Ireland: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Ireland

In 2021, the Irish way-type unit head market decreased by -34.7% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Way-Type Unit Head Production in Ireland

In value terms, way-type unit head production declined significantly to $X in 2021 estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2020 when the production volume increased by 219% against the previous year. As a result, production attained the peak level of $X, and then fell sharply in the following year.

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Way-Type Unit Head Exports

Exports from Ireland

In 2021, shipments abroad of way-type unit heads for working metal decreased by 0% to X tons, falling for the fifth year in a row after five years of growth. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 6,226%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, way-type unit head exports stood at $X in 2021. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 4,985% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X tons) was the main destination for way-type unit head exports from Ireland, accounting for a 63% share of total exports. Moreover, way-type unit head exports to Morocco exceeded the volume sent to the second major destination, Germany (X kg), threefold. The third position in this ranking was held by Hungary (X kg), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Hungary (0.0% per year).

It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (0.0% per year) and the UK (+78.5% per year).

Export Prices by Country

The average way-type unit head export price stood at $X per ton in 2021, flattening at the previous year. Overall, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+30.9%), while the prices for the other major destinations experienced a decline.

Way-Type Unit Head Imports

Imports into Ireland

In 2021, after two years of growth, there was significant decline in purchases abroad of way-type unit heads for working metal, when their volume decreased by -75.2% to X tons. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 531%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, way-type unit head imports declined significantly to $X in 2021. Over the period under review, imports faced a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 822%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X kg), China (X kg) and the UK (X kg) were the main suppliers of way-type unit head imports to Ireland, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +56.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest way-type unit head suppliers to Ireland were China ($X), Taiwan (Chinese) ($X) and the UK ($X), with a combined 96% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +56.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average way-type unit head import price amounted to $X per ton, surging by 27% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, way-type unit head import price decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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