Ireland: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Ireland

The Irish aluminium pipe fittings market fell sharply to $X in 2021, reducing by -32.8% 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 showed a slight setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aluminium Pipe Fittings Exports

Exports from Ireland

In 2021, shipments abroad of aluminium tube or pipe fittings decreased by -38.2% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 118%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aluminium pipe fittings exports contracted remarkably to $X in 2021. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 144% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for aluminium pipe fittings exports from Ireland, accounting for a 56% share of total exports. Moreover, aluminium pipe fittings exports to the UK exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+60.1% per year) and the United States (+47.5% per year).

In value terms, the largest markets for aluminium pipe fittings exported from Ireland were the UK ($X), the United States ($X) and India ($X), together accounting for 77% of total exports.

India, with a CAGR of +61.0%, saw the highest growth rate of the value of exports, among 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 2021, the average aluminium pipe fittings export price amounted to $X per ton, rising by 7.6% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium pipe fittings export price increased by +92.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Pipe Fittings Imports

Imports into Ireland

In 2021, approx. X tons of aluminium tube or pipe fittings were imported into Ireland; waning by -25.7% compared with the year before. Over the period under review, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 when imports increased by 147%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aluminium pipe fittings imports shrank remarkably to $X in 2021. In general, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 230% against the previous year. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

The UK (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of aluminium pipe fittings imports to Ireland, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium pipe fittings suppliers to Ireland were the United States ($X), the UK ($X) and the Netherlands ($X), together accounting for 77% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +36.5%, saw the highest growth rate of the value of imports, 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 aluminium pipe fittings import price amounted to $X per ton, waning by -17.1% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 69%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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