Ireland: Chlorides Market 2024

Chlorides Market Size in Ireland

After five years of growth, the Irish chlorides market decreased by -9.1% to $X in 2021. In general, consumption saw a buoyant expansion. Chlorides consumption peaked at $X in 2020, and then fell in the following year.

Chlorides Production in Ireland

In value terms, chlorides production expanded sharply to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The pace of growth was the most pronounced in 2019 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Chlorides Exports

Exports from Ireland

After two years of decline, shipments abroad of chlorides (excluding ammonium chloride) increased by 49% to X tons in 2021. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 147% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, chlorides exports surged to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 305%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for chlorides exports from Ireland, with a 83% share of total exports. Moreover, chlorides exports to the UK exceeded the volume sent to the second major destination, Hungary (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+9.9% per year) and Germany (-53.7% per year).

In value terms, the UK ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Ireland, comprising 69% of total exports. The second position in the ranking was held by Hungary ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-7.4% per year) and Germany (-50.9% per year).

Export Prices by Country

In 2021, the average chlorides export price amounted to $X per ton, waning by -19.2% against the previous year. In general, the export price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 UK (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorides Imports

Imports into Ireland

In 2021, chlorides imports into Ireland soared to X tons, growing by 40% on 2020 figures. Over the period under review, imports posted a moderate expansion. The pace of growth was the most pronounced in 2013 with an increase of 149% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, chlorides imports totaled $X in 2021. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 78%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of chlorides imports to Ireland, together accounting for 89% of total imports. Belgium, the Czech Republic and the United States lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +73.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of chlorides (excluding ammonium chloride) to Ireland, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.1% per year) and the UK (+14.4% per year).

Import Prices by Country

The average chlorides import price stood at $X per ton in 2021, reducing by -26.8% against the previous year. In general, the import price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2017 an increase of 76%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then declined notably in the following year.

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 the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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