Price for Wood; Statuettes and Other Ornaments of Wood in Ireland - 2022

Price for Wood; Statuettes and Other Ornaments of Wood in Ireland (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $8,008 per ton in December 2021, jumping by 15% against the previous month. In general, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in June 2021 an increase of 40% m-o-m. The import price peaked at $9,080 per ton in January 2021; however, from February 2021 to December 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Hong Kong SAR ($23,361 per ton), while the price for the Netherlands ($3,762 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Ireland (FOB) - 2022

In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $13,057 per ton, shrinking by -2.7% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wood; statuettes and other ornaments of wood decreased by -2.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 83%. As a result, the export price reached the peak level of $18,382 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($22,926 per ton), while the average price for exports to the UK totaled $11,156 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Statuettes and Other Ornaments of Wood in Ireland

In 2022, after three years of growth, there was significant decline in overseas purchases of wood; statuettes and other ornaments of wood, when their volume decreased by -15.5% to 462 tons. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports reached the peak of 547 tons, and then fell remarkably in the following year.

In value terms, imports of wood; statuettes and other ornaments of wood contracted significantly to $3.2M in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of $4.3M, and then declined remarkably in the following year.

Import of Wood; Statuettes and Other Ornaments of Wood in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	925	727	2,781	2,080	31.0%
United Kingdom	540	1,114	722	584	2.6%
Netherlands	66.2	65.4	251	187	41.4%
India	118	38.5	158	118	0.0%
Thailand	15.1	2.2	56.2	42.0	40.6%
Vietnam	59.8	35.2	32.3	31.3	-19.4%
Others	174	169	322	194	3.7%
Total	1,898	2,152	4,321	3,237	19.5%

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Ireland in 2022:

China (260.8 tons)
United Kingdom (108.8 tons)
Netherlands (44.0 tons)
India (13.6 tons)
Thailand (11.8 tons)
Vietnam (8.3 tons)

Exports of Wood; Statuettes and Other Ornaments of Wood in Ireland

In 2022, shipments abroad of wood; statuettes and other ornaments of wood decreased by -12% to 37 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of 42 tons, and then shrank in the following year.

In value terms, exports of wood; statuettes and other ornaments of wood reduced to $478K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $557K, and then fell in the following year.