Ireland: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Ireland

In 2021, the Irish aromatic hydrocarbons derivatives market decreased by -3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Aromatic hydrocarbons derivatives consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Aromatic Hydrocarbons Derivatives Production in Ireland

In value terms, aromatic hydrocarbons derivatives production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 202% against the previous year. Aromatic hydrocarbons derivatives production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Ireland

In 2021, shipments abroad of halogenated derivatives of aromatic hydrocarbons decreased by 0% to X kg, falling for the second year in a row after two years of growth. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 67,200% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives exports stood at $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 71,817% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Spain (X kg) and France (X kg) were the main destinations of aromatic hydrocarbons derivatives exports from Ireland, together comprising 56% of total exports. These countries were followed by Belgium, Germany, Slovakia, the Czech Republic and Latvia, which together accounted for a further 30%.

From 2013 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Italy ($X) were the largest markets for aromatic hydrocarbons derivatives exported from Ireland worldwide, together comprising 51% of total exports. Germany, Slovakia, the Czech Republic, Belgium and Latvia lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, the Czech Republic, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 302%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+71.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbons Derivatives Imports

Imports into Ireland

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons imported into Ireland fell remarkably to X tons, reducing by -44.3% on the previous year. Over the period under review, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 when imports increased by 382%. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, aromatic hydrocarbons derivatives imports skyrocketed to $X in 2021. Overall, imports, however, recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the UK (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to Ireland, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +31.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aromatic hydrocarbons derivatives suppliers to Ireland were Germany ($X), China ($X) and the UK ($X), together accounting for 30% of total imports.

Germany, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, with an increase of 698% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($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 (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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