Ireland: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Ireland

The Irish high-tenacity filament polyester yarn market soared to $X in 2021, growing by 51% against the previous year. In general, consumption continues to indicate a prominent increase. High-tenacity filament polyester yarn consumption peaked in 2021 and is likely to continue growth in years to come.

Production of High-Tenacity Filament Yarn Of Polyesters in Ireland

In value terms, high-tenacity filament polyester yarn production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of 114%. High-tenacity filament polyester yarn production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Ireland

High-tenacity filament polyester yarn exports from Ireland dropped markedly to X kg in 2021, declining by -99.8% on 2020 figures. In general, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 2,082%. As a result, the exports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, high-tenacity filament polyester yarn exports reduced remarkably to $X in 2021. Over the period under review, exports saw a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 1,261% against the previous year. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The UK (X kg) was the main destination for high-tenacity filament polyester yarn exports from Ireland, accounting for a 98% share of total exports. It was followed by Ghana (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +10.1%.

In value terms, the UK ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from Ireland, comprising 71% of total exports. The second position in the ranking was taken by Ghana ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at -6.1%.

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, rising by 81% against the previous year. Overall, the export price, however, recorded a pronounced decline. 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 Ghana ($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 Ghana (+64.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Ireland

High-tenacity filament polyester yarn imports into Ireland fell significantly to X tons in 2021, waning by -17.5% on 2020 figures. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 434% against the previous year. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 742% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Ireland, with a 72% share of total imports. Moreover, high-tenacity filament polyester yarn imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The UK (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.4% per year) and the UK (+41.1% per year).

In value terms, the United States ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Ireland, comprising 82% of total imports. The second position in the ranking was taken by the UK ($X), with a 9% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+49.1% per year) and China (+18.8% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, picking up by 53% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 58%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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