Ireland: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Ireland

The Irish meat meals and pellets market plummeted to $X in 2021, with a decrease of -43% against the previous year. In general, consumption saw a slight descent. Meat meals and pellets consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Ireland

In value terms, meat meals and pellets production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Ireland

In 2021, shipments abroad of flours, meals and pellets of meat or meat offal was finally on the rise to reach X tons after three years of decline. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 49%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports surged to $X in 2021. Overall, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for meat meals and pellets exports from Ireland, with a 40% share of total exports. Moreover, meat meals and pellets exports to Vietnam exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +5,040.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.3% per year) and Italy (-13.7% per year).

In value terms, the largest markets for meat meals and pellets exported from Ireland were Vietnam ($X), the Netherlands ($X) and Germany ($X), together comprising 78% of total exports.

Vietnam, with a CAGR of +6,461.6%, recorded the highest growth rate of 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

In 2021, the average meat meals and pellets export price amounted to $X per ton, surging by 86% against the previous year. Overall, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Germany (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Ireland

In 2021, supplies from abroad of flours, meals and pellets of meat or meat offal was finally on the rise to reach X tons after three years of decline. Overall, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, meat meals and pellets imports skyrocketed to $X in 2021. In general, imports, however, showed a deep downturn. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest meat meals and pellets supplier to Ireland, with a 83% share of total imports. Moreover, meat meals and pellets imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and Cambodia (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Ireland, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and Cambodia (0.0% per year).

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, falling by -34.1% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 47%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-11.3%).

Source: IndexBox Platform

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