Ireland: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Ireland

In 2021, the Irish market for wiring sets used in vehicles, aircraft or ships was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a slight setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Ireland

In value terms, production of wiring sets used in vehicles, aircraft or ships rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Ireland

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 69%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships fell to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 117% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Ireland, with a 62% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold. France (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.7% per year) and France (-1.5% per year).

In value terms, the UK ($X), Germany ($X) and France ($X) appeared to be the largest markets for wiring sets used in vehicles, aircraft or ships exported from Ireland worldwide, with a combined 80% share of total exports.

France, with a CAGR of +3.8%, saw 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 mixed trend patterns.

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with a decrease of -12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Czech Republic (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Ireland

In 2021, after two years of decline, there was significant growth in overseas purchases of wiring sets used in vehicles, aircraft or ships, when their volume increased by 34% to X tons. Over the period under review, imports, however, saw a perceptible curtailment. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Ireland, accounting for a 52% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+37.3% per year) and China (-10.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Ireland, comprising 55% of total imports. The second position in the ranking was held by the UK ($X), with a 24% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+47.8% per year) and China (-16.9% per year).

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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