Ireland: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Ireland

After two years of growth, the Irish magnesium hydroxide and peroxide market decreased by -29.8% to $X in 2022. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then fell remarkably in the following year.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Ireland

In value terms, magnesium hydroxide and peroxide production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 11% against the previous year. Magnesium hydroxide and peroxide production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Ireland

In 2022, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by 0% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports stood at $X in 2022. In general, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 8.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for magnesium hydroxide and peroxide exports from Ireland, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -7.7%.

From 2012 to 2022, the average annual growth rate of value to the UK totaled -2.2%.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 65%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +6.0% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Ireland

In 2022, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 451%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, magnesium hydroxide and peroxide imports stood at $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 574%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Ireland, accounting for a 46% share of total imports. Moreover, magnesium hydroxide and peroxide imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +86.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+99.5% per year) and the UK (+45.6% per year).

In value terms, the largest magnesium hydroxide and peroxide suppliers to Ireland were the Netherlands ($X), Israel ($X) and Germany ($X), with a combined 78% share of total imports.

The Netherlands, with a CAGR of +137.6%, saw 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

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 197%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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