Ireland: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Ireland

For the third consecutive year, the Irish electric heating resistor market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a resilient increase. Electric heating resistor consumption peaked in 2022 and is expected to retain growth in years to come.

Electric Heating Resistor Exports

Exports from Ireland

In 2022, overseas shipments of electric heating resistors were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a mild curtailment. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electric heating resistor exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for electric heating resistor exports from Ireland, accounting for a X% share of total exports. Moreover, electric heating resistor exports to the UK exceeded the volume sent to the second major destination, the United States (X units), sevenfold. Hungary (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Hungary (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for electric heating resistors exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average electric heating resistor export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Electric Heating Resistor Imports

Imports into Ireland

In 2022, the amount of electric heating resistors imported into Ireland skyrocketed to X units, growing by X% on the previous year's figure. In general, imports saw a mild expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electric heating resistor imports soared to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric heating resistor to Ireland, with a X% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. Italy (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

In value terms, the largest electric heating resistor suppliers to Ireland were the United States ($X), the UK ($X) and China ($X), together comprising X% of total imports. The Netherlands, Sweden, Germany, Italy, Belgium, Pakistan and Portugal lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric heating resistor import price amounted to $X per unit, declining by X% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Portugal (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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