According to the FTMTA, the Irish market for new telescopic loaders reported “a slowdown” in November 2022 at 12 units.
The body released its latest statistics service report for November 2022 on Monday of this week, showing a reduction of 42% in new telescopic registrations in November 2022 compared with November 2021.
It outlined that the overall year-to-date trend shows an 18% hike to 529 units in 2022.
The two leading brands account for almost 60% of the total market.
Moreover, there were 61 imported used telescopic loaders registered last month.
In terms of the Irish backhoe loader market, figures remained at 4 new registration units in November 2022.
Again, the year-to-date market fell, with just 65 new units registered so far in 2022, equating to a 13% reduction compared with the same ten months of 2021.
According to the body’s report, there were 12 used backhoe loaders registered in Ireland in November 2022.
Unlike telescopic and backhoe loaders, the Irish wheeled loader market recorded a higher number of new registrations in November 2022 at 11 units, compared with November 2021, while the year-to-date market increased by 9%.
The FTMTA noted that “the market dominance of Chinese manufactured machines at the lower price and power end of the market for farmers remains strong for the year to date to the end of November 2022”.
It now accounts for 58% of the new wheeled loader registrations in Ireland.
There were 6 imported used wheeled loaders registered in November 2022.
As reported by That’s Farming in a previous news article, demand “remains strong” for new tractors on the Irish market, but the number of those being registered in Ireland continues to feel the pinch because of disruptions to global supplies.
That is according to a spokesperson for the FTMTA, who revealed that the November 2022 new tractor market at 44 units was 10% higher compared with the same month last year.
The year-to-date figures are 10% lower than the corresponding period in 2021, with 2,111 new tractors registered in the Republic of Ireland so far in 2022, compared with 2,345 units in 2021.
Read more on this news article.