Report Update Nov 1, 2024

Ireland - Animal or Vegetable Fats and Oils Chemically Modified - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Ireland

In 2022, the Irish chemically modified oils market decreased by 0% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a prominent increase. Chemically modified oils consumption peaked in 2022 and is likely to see steady growth in the near future.

Chemically Modified Oils Exports

Exports from Ireland

For the fourth year in a row, Ireland recorded decline in overseas shipments of animal or vegetable fats and oils chemically modified, which decreased by 0% to X tons in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 56,391% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils exports totaled $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 25,613% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for chemically modified oils exports from Ireland, accounting for a 68% share of total exports. Moreover, chemically modified oils exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +142.4%.

In value terms, the UK ($X) and Belgium ($X) were the largest markets for chemically modified oils exported from Ireland worldwide.

The UK, with a CAGR of +152.7%, saw 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.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price saw prominent growth. The growth pace was the most rapid in 2016 an increase of 695% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.3%).

Chemically Modified Oils Imports

Imports into Ireland

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified decreased by 0% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 359%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils imports totaled $X in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 258% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of chemically modified oils to Ireland, with a 82% share of total imports. Moreover, chemically modified oils imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.7% per year) and the United Arab Emirates (+3.1% per year).

In value terms, the UK ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Ireland, comprising 79% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.4% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.5% per year) and the United Arab Emirates (+13.4% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a slight expansion. The pace of growth appeared the most rapid in 2014 an increase of 56% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils consuming country worldwide, comprising approx. 15% of total volume. Moreover, chemically modified oils consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils producing country worldwide, comprising approx. 21% of total volume. Moreover, chemically modified oils production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of animal or vegetable fats and oils chemically modified to Ireland?

In value terms, the largest chemically modified oils suppliers to Ireland were the Netherlands and the UK.

What are the leading importers of animal or vegetable fats and oils chemically modified from Ireland?

In value terms, the UK remains the key foreign market for chemically modified oils exports from Ireland.

What is the average export price for animal or vegetable fats and oils chemically modified in Ireland?

In 2021, the average chemically modified oils export price amounted to $1,130 per ton, surging by 41% against the previous year.

What is the average import price for animal or vegetable fats and oils chemically modified in Ireland?

The average chemically modified oils import price stood at $1,325 per ton in 2021, with an increase of 30% against the previous year.

This report provides an in-depth analysis of the chemically modified oils market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20592000 - Animal or vegetable fats and oils chemically modified

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023