Crude or roughly trimmed granite market in Ireland

Earlier Report Observations

The market for crude or roughly trimmed granite in Ireland experienced significant fluctuations between 2018 and 2023. The market size grew from 5.4 million US dollars in 2018 to 6.2 million US dollars in 2019, then declined to a similar level of 5.4 million US dollars in 2020.

A period of strong expansion followed, with the market size surging by 47% to nearly 8.0 million US dollars in 2022. This peak was short-lived, as the market contracted sharply by more than half in 2023, falling to 3.5 million US dollars.

Domestic production followed a nearly identical trajectory, reaching 7.3 million US dollars in 2022 before dropping to 3.0 million US dollars in 2023. Import values generally increased over the period but remained a smaller component of the total market volume.

Production crude or roughly trimmed granite in Ireland

In value, 2017-2020, K $ US

Ireland's production of crude or roughly trimmed granite saw two consecutive years of growth before declining. In 2019, output reached its peak value of 5 809 thousand US dollars. However, by 2020, production had fallen to 5 186 thousand US dollars, marking a decrease of 10.7% compared to the previous year. The most significant annual increase occurred in 2019, when production rose by 7.8%.

Annual dynamics of production in Ireland in value, 2017-2020, K $ US

In kind, 2017-2020, t

Following two years of expansion, Ireland's production volume of crude or roughly trimmed granite experienced a decline. In 2019, output peaked at 60 555 tonnes. The following year, in 2020, production dropped to 48 462 tonnes, representing a substantial 20.0% decrease from 2019. Over the entire 2017-2020 period, production grew by 2.7%, with a compound annual growth rate of 0.9%. The largest annual increase was recorded in 2018, when production surged by 14.6%.

Annual dynamics of production in Ireland in kind, 2017-2020, t

Exports crude or roughly trimmed granite from Ireland

Market research indicates that Ireland did not export any crude or roughly trimmed granite between 2017 and 2020.

Imports crude or roughly trimmed granite to Ireland

Imports in kind, t

Import volumes of crude or roughly trimmed granite into Ireland showed considerable volatility during this period. The lowest point was recorded in 2017, while imports peaked in 2019 at 3 174 tonnes. In 2020, imports fell sharply to {value_last_year} tonnes, representing a dramatic 65.2% decrease from the previous year. The overall amplitude between the peak and trough was 81 times. The most significant annual increase occurred in 2019, when imports skyrocketed by 1 841.8%.

Annual dynamics of product's imports to Ireland in kind, 2017-2020, t

From 2017 to 2020, Ireland's imports of crude or roughly trimmed granite were heavily concentrated on the United Kingdom, which accounted for 79.2% of total volume. All other countries combined made up the remaining {rest_share}%.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Ireland in kind, 2017-2020

Imports in value, K $ US

The value of crude or roughly trimmed granite imports into Ireland displayed notable volatility throughout the observed period. Imports hit their lowest point in 2017 before reaching a peak of 374.7 thousand US dollars in 2019. By 2020, import value had declined to 243.2 thousand US dollars, showing a sharp year-on-year decrease of 35.1%. The difference between the peak and trough values was 26 times. The most substantial annual increase occurred in 2019, when import value surged by 778.5%.

Annual dynamics of product's imports to Ireland in value, 2017-2020, K $ US

Between 2017 and 2020, the United Kingdom and China dominated Ireland's imports of crude or roughly trimmed granite in value terms, together accounting for 91.7% of total import value. All other source countries each represented relatively small shares of imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Ireland in value, 2017-2020