Ireland: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Ireland

In 2021, the Irish base metal flexible tubing market increased by 41% to $X, rising for the fifth year in a row after three years of decline. In general, consumption, however, posted a significant increase. Base metal flexible tubing consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Ireland

In 2021, base metal flexible tubing exports from Ireland surged to X tons, jumping by 77% against the previous year's figure. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 717%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, base metal flexible tubing exports soared to $X in 2021. Over the period under review, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 336%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for base metal flexible tubing exports from Ireland, accounting for a 67% share of total exports. Moreover, base metal flexible tubing exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), threefold. Kenya (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+47.2% per year) and Kenya (0.0% per year).

In value terms, the largest markets for base metal flexible tubing exported from Ireland were the United States ($X), the UK ($X) and Ukraine ($X), together comprising 77% of total exports.

Ukraine, with a CAGR of +149.3%, recorded the highest rates of growth with regard to 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

The average base metal flexible tubing export price stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 139% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 (+137.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Ireland

In 2021, after four years of growth, there was decline in overseas purchases of base metal flexible tubing, iron or steel, when their volume decreased by -2.2% to X tons. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2013 with an increase of 242%. Over the period under review, imports hit record highs at X tons in 2020, and then reduced modestly in the following year.

In value terms, base metal flexible tubing imports soared to $X in 2021. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 216%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of base metal flexible tubing to Ireland, with a 41% share of total imports. Moreover, base metal flexible tubing imports from Israel exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Israel amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.9% per year) and the United States (+27.2% per year).

In value terms, the United States ($X) constituted the largest supplier of base metal flexible tubing, iron or steel to Ireland, comprising 52% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Israel, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.5% per year) and Israel (+22.5% per year).

Import Prices by Country

In 2021, the average base metal flexible tubing import price amounted to $X per ton, growing by 88% against the previous year. In general, the import price showed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :