Ireland: Fructose Market 2025

Fructose Market Size in Ireland

In 2021, the Irish fructose market increased by 7.5% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +12.0% against 2019 indices. Fructose consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Fructose Exports

Exports from Ireland

In 2021, the amount of fructose and fructose syrup exported from Ireland declined to X tons, reducing by -7.9% compared with 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, fructose exports soared to $X in 2021. Overall, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2015 when exports increased by 170%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for fructose exports from Ireland, accounting for a 30% share of total exports. Moreover, fructose exports to the UK exceeded the volume sent to the second major destination, Romania (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+43.2% per year) and Norway (-0.5% per year).

In value terms, the largest markets for fructose exported from Ireland were Russia ($X), the UK ($X) and Romania ($X), with a combined 55% share of total exports. These countries were followed by Hungary, Italy, Ukraine, Norway, Poland, Guinea, the Czech Republic, Israel, Singapore and Belgium, which together accounted for a further 25%.

Singapore, with a CAGR of +352.2%, recorded the highest rates of growth with regard to 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 fructose export price amounted to $X per ton, growing by 45% against the previous year. Overall, the export price showed a pronounced expansion. The pace of growth was the most pronounced in 2015 an increase of 86%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Belgium (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into Ireland

In 2021, after four years of decline, there was significant growth in overseas purchases of fructose and fructose syrup, when their volume increased by 5.3% to X tons. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, fructose imports expanded sharply to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +10.9% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of fructose to Ireland, accounting for a 81% share of total imports. Moreover, fructose imports from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), tenfold. The third position in this ranking was held by Slovakia (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.0% per year) and Slovakia (+30.1% per year).

In value terms, France ($X) constituted the largest supplier of fructose and fructose syrup to Ireland, comprising 62% of total imports. The second position in the ranking was taken by the UK ($X), with a 12% share of total imports. It was followed by Belgium, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.3% per year) and Belgium (+27.3% per year).

Import Prices by Country

The average fructose import price stood at $X per ton in 2021, picking up by 1.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :