Ireland: Cream Market 2021

Cream Market Size in Ireland

In 2020, after two years of decline, there was significant growth in the Irish cream market, when its value increased by X% to $X. Over the period under review, consumption enjoyed a buoyant increase. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Cream consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Cream Production in Ireland

In value terms, cream production stood at $X in 2020 estimated in export prices. Overall, the total production indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Cream Exports

Exports from Ireland

In 2020, overseas shipments of cream decreased by -X% to X tons, falling for the tenth year in a row after two years of growth. Over the period under review, total exports indicated temperate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2010 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports skyrocketed to $X in 2020. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for cream exports from Ireland, accounting for a X% share of total exports. Moreover, cream exports to the UK exceeded the volume sent to the second major destination, Sweden (X tons), tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK totaled +X%.

In value terms, the UK ($X) remains the key foreign market for cream exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the UK totaled +X%.

Export Prices by Country

The average cream export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK.

Cream Imports

Imports into Ireland

For the ninth year in a row, Ireland recorded decline in overseas purchases of cream, which decreased by -X% to X tons in 2020. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, cream imports rose slightly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, the UK (X tons) constituted the largest supplier of cream to Ireland, with a X% share of total imports. Moreover, cream imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of cream to Ireland, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (-X% per year).

Import Prices by Country

The average cream import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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