Ireland: Folding Boxboard Market 2024

Folding Boxboard Market Size in Ireland

The Irish folding boxboard market skyrocketed to $X in 2021, increasing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Folding boxboard consumption peaked in 2021 and is likely to see steady growth in the near future.

Folding Boxboard Exports

Exports from Ireland

In 2021, approx. X tons of folding boxboard were exported from Ireland; growing by 121% against the year before. Overall, exports continue to indicate a buoyant expansion. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, folding boxboard exports soared to $X in 2021. In general, exports, however, showed a abrupt downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for folding boxboard exports from Ireland, accounting for a 97% share of total exports. It was followed by the United States (X tons), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +47.1%.

In value terms, the UK ($X) remains the key foreign market for folding boxboard exports from Ireland, comprising 87% of total exports. The second position in the ranking was held by the United States ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +31.2%.

Export Prices by Country

In 2021, the average folding boxboard export price amounted to $X per ton, rising by 16% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

Folding Boxboard Imports

Imports into Ireland

In 2021, approx. X tons of folding boxboard were imported into Ireland; growing by 6.7% on the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, folding boxboard imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 +72.9% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of folding boxboard imports to Ireland, together comprising 47% of total imports. Finland, Austria, Sweden, Luxembourg, South Korea, China and the United States lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +56.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest folding boxboard suppliers to Ireland were Germany ($X), Austria ($X) and the UK ($X), together accounting for 45% of total imports. These countries were followed by the Netherlands, Finland, Sweden, Luxembourg, China, South Korea and the United States, which together accounted for a further 43%.

Luxembourg, with a CAGR of +57.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average folding boxboard import price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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