Ireland: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Ireland

In 2022, the Irish plastic household articles market decreased by -45.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded buoyant growth. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Plastic Household Articles Exports

Exports from Ireland

In 2022, overseas shipments of household articles and toilet articles of plastics decreased by -88.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 666%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, plastic household articles exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 73% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for plastic household articles exports from Ireland, accounting for a 76% share of total exports. Moreover, plastic household articles exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was taken by Belgium (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.7% per year) and Belgium (+4.6% per year).

It was followed by Belgium, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.5% per year) and Belgium (+5.3% per year).

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, surging by 593% against the previous year. Over the period under review, the export price, however, showed a slight decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Ireland

After two years of growth, supplies from abroad of household articles and toilet articles of plastics decreased by -64.1% to X tons in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 179% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, plastic household articles imports totaled $X in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of plastic household articles to Ireland, accounting for a 48% share of total imports. Moreover, plastic household articles imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Germany (-1.0% per year).

In value terms, the UK ($X), China ($X) and Germany ($X) constituted the largest plastic household articles suppliers to Ireland, together comprising 77% of total imports. Italy, Spain, the Netherlands, Israel and Turkey lagged somewhat behind, together comprising a further 11%.

Spain, with a CAGR of +23.0%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, increasing by 189% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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