Ireland: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Ireland

In 2021, after three years of growth, there was decline in the Irish market for acrylic polymers, in primary forms (excluding polymethyl methacrylate), when its value decreased by -1.4% to $X. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2020, and then reduced in the following year.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Ireland

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Ireland; picking up by 149% on the previous year. In general, exports saw a modest increase. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 230% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Ireland, accounting for a 75% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to the UK exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+69.1% per year) and Italy (+32.3% per year).

In value terms, the UK ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Ireland, comprising 42% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Italy, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+67.0% per year) and Italy (+23.1% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, dropping by -22.1% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2018 an increase of 83%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Ireland

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) imported into Ireland expanded remarkably to X tons, picking up by 5.6% on 2020. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.7% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Ireland, together accounting for 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +82.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the United States ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Ireland, with a combined 58% share of total imports. These countries were followed by Belgium, the Netherlands, Taiwan (Chinese), Sweden and France, which together accounted for a further 35%.

Sweden, with a CAGR of +71.6%, recorded the highest rates of growth with regard to 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 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, waning by -4.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 27%. The import price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform