Ireland: Activated Carbon Market 2024

Activated Carbon Market Size in Ireland

The Irish activated carbon market soared to $X in 2022, surging by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Activated Carbon Exports

Exports from Ireland

In 2022, approx. X tons of activated carbon were exported from Ireland; approximately equating the year before. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 380%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, activated carbon exports stood at $X in 2022. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 1,593% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of activated carbon exports from Ireland, together accounting for 65% 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 China (with a CAGR of +197.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest markets for activated carbon exported from Ireland worldwide, with a combined 68% share of total exports.

China, with a CAGR of +54.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average activated carbon export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded mild growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 252%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the UK ($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 Denmark (+4.7%), while the prices for the other major destinations experienced a decline.

Activated Carbon Imports

Imports into Ireland

In 2022, supplies from abroad of activated carbon decreased by 0% to X tons, falling for the third year in a row after six years of growth. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 104% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, activated carbon imports stood at $X in 2022. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of activated carbon to Ireland, accounting for a 57% share of total imports. Moreover, activated carbon imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and the United States (+18.9% per year).

In value terms, the UK ($X) constituted the largest supplier of activated carbon to Ireland, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.7% per year) and India (+32.6% per year).

Import Prices by Country

The average activated carbon import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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