Ireland: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Ireland

In 2021, the Irish ferro-cerium and pyrophoric alloys market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Ferro-Cerium And Pyrophoric Alloys in Ireland

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Ireland

Ferro-cerium and pyrophoric alloys exports from Ireland dropped notably to X tons in 2021, with a decrease of -19.3% on the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports reduced slightly to $X in 2021. Over the period under review, exports recorded a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 26% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Belgium (X tons) and France (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Ireland, together comprising 90% of total exports. The United States and Denmark lagged somewhat behind, together accounting for a further 5.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +15.6%), while the other leaders experienced a decline.

In value terms, the UK ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Ireland, comprising 50% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.3% per year) and the United States (+15.2% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, surging by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 (+5.9%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Ireland

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys decreased by -32.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -42.2% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.7% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Ireland, with a 65% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from South Korea exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.5% per year) and Germany (-21.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Ireland, comprising 71% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +85.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.4% per year) and Germany (-18.7% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, with an increase of 106% against the previous year. In general, the import price enjoyed a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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