Ireland: Alcohols Market 2021

Alcohols Market Size in Ireland

In 2020, the Irish alcohols market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, the total consumption indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is likely to continue growth in years to come.

Alcohols Exports

Exports from Ireland

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Ireland; waning by -X% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2017 to 2020, the growth exports remained at a lower figure.

In value terms, alcohols exports fell slightly to $X in 2020. Over the period under review, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for alcohols exports from Ireland, with a X% share of total exports. Moreover, alcohols exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Belgium (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for alcohols exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (-X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price showed a tangible increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Ireland

In 2020, alcohols imports into Ireland soared to X tons, jumping by X% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, alcohols imports skyrocketed to $X in 2020. Over the period under review, total imports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), the UK (X tons) and Trinidad and Tobago (X tons) were the main suppliers of alcohols imports to Ireland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to Ireland were Germany ($X), the UK ($X) and the U.S. ($X), with a combined X% share of total imports. The Netherlands, France, Trinidad and Tobago and Norway lagged somewhat behind, together accounting for a further X and Tobago (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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