Ireland: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Ireland

The Irish industrial monocarboxylic fatty acids market declined to $X in 2021, shrinking by -5.2% 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). In general, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Ireland

In 2021, overseas shipments of industrial monocarboxylic fatty acids increased by 133% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, showed a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by 315% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Ireland, with a 73% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+41.0% per year) and Germany (+98.6% per year).

In value terms, the largest markets for industrial monocarboxylic fatty acids exported from Ireland were the Netherlands ($X), France ($X) and Germany ($X), with a combined 94% share of total exports.

Germany, with a CAGR of +74.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, dropping by -31.7% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 131%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Ireland

In 2021, industrial monocarboxylic fatty acids imports into Ireland declined to X tons, shrinking by -14.5% compared with the previous year's figure. Over the period under review, imports saw a slight contraction. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports expanded notably to $X in 2021. Overall, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Ireland, accounting for a 71% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+38.4% per year) and the UK (-21.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Ireland, comprising 62% of total imports. The second position in the ranking was held by Egypt ($X), with a 12% share of total imports. It was followed by the UK, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+36.2% per year) and the UK (-24.2% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, growing by 27% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 32%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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