Ireland: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Ireland

In 2021, after two years of decline, there was significant growth in the Irish amine-function compounds market, when its value increased by 17% to $X. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Amine-Function Compounds Production in Ireland

In value terms, amine-function compounds production surged to $X in 2021 estimated in export price. Over the period under review, production saw tangible growth. The growth pace was the most rapid in 2013 when the production volume increased by 501% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Amine-Function Compounds Exports

Exports from Ireland

In 2021, overseas shipments of amine-function compounds decreased by -14.1% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 4,272% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, amine-function compounds exports declined notably to $X in 2021. Overall, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Russia (X tons) and Spain (X tons) were the main destinations of amine-function compounds exports from Ireland, with a combined 51% share of total exports. These countries were followed by the Netherlands, Hungary, the United States, Poland, Portugal, France, Slovenia, Romania, Italy and Ukraine, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +311.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for amine-function compounds exports from Ireland, comprising 25% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.9% share of total exports. It was followed by Spain, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +308.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.1% per year) and Spain (+18.7% per year).

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, waning by -29.8% against the previous year. In general, the export price saw a precipitous shrinkage. The growth pace was the most rapid in 2014 an increase of 2,431%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood 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 Ukraine ($X per ton), while the average price for exports to the UK ($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 Ukraine (+218.8%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Ireland

In 2021, overseas purchases of amine-function compounds increased by 18% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 86%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, amine-function compounds imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest amine-function compounds supplier to Ireland, accounting for a 49% share of total imports. Moreover, amine-function compounds imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.5% per year) and Belgium (-12.7% per year).

In value terms, the largest amine-function compounds suppliers to Ireland were China ($X), Germany ($X) and the United States ($X), with a combined 67% share of total imports.

Germany, with a CAGR of +33.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, with an increase of 58% against the previous year. In general, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2014 an increase of 85% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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