Ireland: Woolen Fabric Market 2024

Woolen Fabric Market Size in Ireland

The Irish woolen fabric market shrank significantly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Woolen Fabric Production in Ireland

In value terms, woolen fabric production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Woolen Fabric Exports

Exports from Ireland

Woolen fabric exports from Ireland skyrocketed to X square meters in 2022, growing by X% against the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X square meters), the United States (X square meters) and the United Arab Emirates (X square meters) were the main destinations of woolen fabric exports from Ireland, with a combined X% share of total exports. India, France, China, Italy, Turkey, Portugal, Germany, Singapore, Vietnam and Morocco lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the United Arab Emirates ($X) constituted the largest markets for woolen fabric exported from Ireland worldwide, with a combined X% share of total exports. Italy, India, China, Portugal, France, Turkey, Morocco, Germany, Singapore and Vietnam lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average woolen fabric export price amounted to $X per square meter, reducing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2021 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 Italy ($X per square meter), while the average price for exports to Vietnam ($X per square meter) was amongst the lowest.

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

Woolen Fabric Imports

Imports into Ireland

Woolen fabric imports into Ireland surged to X square meters in 2022, jumping by X% on the year before. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, woolen fabric imports surged to $X in 2022. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the UK (X square meters) constituted the largest supplier of woolen fabric to Ireland, with a X% share of total imports. Moreover, woolen fabric imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X square meters), fivefold.

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

In value terms, the UK ($X) constituted the largest supplier of woven woolen fabrics to Ireland, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average woolen fabric import price amounted to $X per square meter, flattening at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Italy ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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