Ireland: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Ireland

The Irish industrial fatty alcohols market soared to $X in 2021, picking up by 54% 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, however, continues to indicate a deep downturn. Industrial fatty alcohols consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from Ireland

In 2021, after two years of growth, there was significant decline in shipments abroad of industrial fatty alcohols, when their volume decreased by -98.3% to X kg. In general, exports recorded a sharp reduction. The growth pace was the most rapid in 2014 with an increase of 1,471%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial fatty alcohols exports fell rapidly to $X in 2021. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of 446% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for industrial fatty alcohols exports from Ireland, with a 95% share of total exports. Moreover, industrial fatty alcohols exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -44.0%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for industrial fatty alcohols exports from Ireland, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -44.2%.

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, surging by 6.2% against the previous year. Overall, the export price posted a temperate increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 244%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.5%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Ireland

In 2021, approx. X tons of industrial fatty alcohols were imported into Ireland; increasing by 58% on 2020. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 146%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. In general, imports, however, saw a perceptible decrease. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of industrial fatty alcohols to Ireland, with a 86% share of total imports. Moreover, industrial fatty alcohols imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was held by the Netherlands (X kg), with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and the Netherlands (-55.2% per year).

In value terms, the UK ($X) constituted the largest supplier of industrial fatty alcohols to Ireland, comprising 80% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.0% per year) and the Netherlands (-54.7% per year).

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, with a decrease of -9.3% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial fatty alcohols import price increased by +38.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 70%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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