Ireland: Globe Market 2022

Globe Market Size in Ireland

The Irish globe market soared to $X in 2021, jumping by X% 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). Overall, consumption saw a strong expansion. Globe consumption peaked in 2021 and is likely to see steady growth in the near future.

Globe Exports

Exports from Ireland

In 2021, after two years of growth, there was significant decline in shipments abroad of globes, when their volume decreased by -X% to X tons. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, globe exports fell to $X in 2021. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

The UK (X tons) was the main destination for globe exports from Ireland, with a X% share of total exports. Moreover, globe exports to the UK exceeded the volume sent to the second major destination, Switzerland (X kg), sixfold. The third position in this ranking was held by Japan (X kg), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Japan (X% per year).

In value terms, the UK ($X) remains the key foreign market for globe exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with less than X% share of total exports. It was followed by Japan, with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Japan (X% per year).

Export Prices by Country

In 2021, the average globe export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Japan ($X per ton) and Singapore ($X per ton), while the average price for exports to Iceland ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Globe Imports

Imports into Ireland

In 2021, the amount of globes imported into Ireland surged to X tons, rising by X% against 2020. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, globe imports surged to $X in 2021. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of globe to Ireland, with a X% share of total imports. Moreover, globe imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the UK (+X% per year).

In value terms, the largest globe suppliers to Ireland were China ($X), Italy ($X) and the UK ($X), together accounting for X% of total imports. Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X the main suppliers, Taiwan (Chinese), with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average globe import price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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