Ireland: Wire And Cable Market 2024

Wire And Cable Market Size in Ireland

In 2023, the Irish wire and cable market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2022, and then shrank in the following year.

Wire And Cable Production in Ireland

In value terms, wire and cable production dropped slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Wire And Cable Exports

Exports from Ireland

In 2023, exports of insulated wire and cable from Ireland fell to X tons, dropping by X% against 2022 figures. Overall, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, wire and cable exports stood at $X in 2023. Over the period under review, total exports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main destinations of wire and cable exports from Ireland, together accounting for X% of total exports. Egypt, Germany, Spain, the Czech Republic, the United Arab Emirates, India and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, 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 UK ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest markets for wire and cable exported from Ireland worldwide, together comprising X% of total exports. Germany, Saudi Arabia, India, Egypt, Spain, the Czech Republic and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Egypt, with a CAGR of X%, saw 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 2023, with an increase of X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Ireland

In 2023, imports of insulated wire and cable into Ireland soared to X tons, picking up by X% compared with the year before. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, wire and cable imports reduced to $X in 2023. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank slightly in the following year.

Imports by Country

Turkey (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Ireland, with a combined X% share of total imports. Egypt, Spain, China, Portugal, the Netherlands, Finland, Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the UK ($X) appeared to be the largest wire and cable suppliers to Ireland, together accounting for X% of total imports. Germany, Egypt, the Netherlands, Spain, Portugal, the Czech Republic, Finland and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 2023, waning by X% against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2023, 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 China ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform