Ireland: Biological Product Market 2024

Biological Product Market Size in Ireland

The Irish biological product market dropped remarkably to $X in 2022, declining by X% against the previous year. In general, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Biological Product Production in Ireland

In value terms, biological product production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Biological product production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Biological Product Exports

Exports from Ireland

For the third year in a row, Ireland recorded growth in shipments abroad of biological products, which increased by X% to X tons in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, biological product exports reduced notably to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Spain (X tons) were the main destinations of biological product exports from Ireland, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for biological products exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

The average biological product export price stood at $X per kg in 2022, reducing by X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per kg in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Spain ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Ireland

In 2022, imports of biological products into Ireland rose modestly to X tons, increasing by X% against the previous year. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, biological product imports fell to $X in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Spain (X tons), France (X tons) and the United States (X tons) were the main suppliers of biological product imports to Ireland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of biological products to Ireland, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average biological product import price amounted to $X per kg, reducing by X% against the previous year. Over the period under review, the import price, however, posted notable growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per kg in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Netherlands ($X per kg), while the price for France ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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