Ireland: Wire And Cable Market 2024

Wire And Cable Market Size in Ireland

For the third year in a row, the Irish wire and cable market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wire And Cable Production in Ireland

In value terms, wire and cable production declined slightly to $X in 2022 estimated in export price. In general, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Wire And Cable Exports

Exports from Ireland

In 2022, the amount of insulated wire and cable exported from Ireland fell remarkably to X tons, with a decrease of X% compared with the previous year. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wire and cable exports fell slightly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Egypt (X tons) were the main destinations of wire and cable exports from Ireland, with a combined X% share of total exports.

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

In value terms, the Netherlands ($X), the UK ($X) and Germany ($X) constituted the largest markets for wire and cable exported from Ireland worldwide, with a combined X% share of total exports. Egypt, the Czech Republic, Belgium, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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 wire and cable export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a measured increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

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

Wire And Cable Imports

Imports into Ireland

For the third consecutive year, Ireland recorded growth in purchases abroad of insulated wire and cable, which increased by X% to X tons in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, wire and cable imports rose to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of wire and cable to Ireland, accounting for a X% share of total imports. Moreover, wire and cable imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X), China ($X) and the UK ($X) were the largest wire and cable suppliers to Ireland, with a combined X% share of total imports. The Netherlands, Germany, Spain, Egypt, the United States and Portugal lagged somewhat behind, together accounting for a further X%.

Egypt, 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

The average wire and cable import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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