Report Update Nov 1, 2024

Ireland - Inulin - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Inulin Market 2024

Inulin Market Size in Ireland

The Irish inulin market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, saw a abrupt downturn. Inulin consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Inulin Production in Ireland

In value terms, inulin production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 23%. Inulin production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Inulin Exports

Exports from Ireland

Inulin exports from Ireland skyrocketed to X tons in 2021, rising by 1,325% compared with the previous year. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 11,064% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, inulin exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 5,153% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for inulin exports from Ireland, with a 84% share of total exports. Moreover, inulin exports to the UK exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +37.3%.

In value terms, the UK ($X) remains the key foreign market for inulin exports from Ireland, comprising 80% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +68.1%.

Export Prices by Country

In 2021, the average inulin export price amounted to $X per ton, which is down by -21.9% against the previous year. Overall, the export price, however, recorded a resilient increase. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.4%).

Inulin Imports

Imports into Ireland

For the seventh year in a row, Ireland recorded growth in overseas purchases of inulin, which increased by 1.5% to X tons in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 147% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inulin imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 194%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inulin to Ireland, with a 62% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +52.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.8% per year) and the UK (+5.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of inulin to Ireland, comprising 56% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by the UK, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.0% per year) and the UK (+4.2% per year).

Import Prices by Country

In 2021, the average inulin import price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Mexico ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inulin in the world?

China remains the largest inulin consuming country worldwide, accounting for 31% of total volume. Moreover, inulin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 11% share.

What are the largest producers of inulin in the world?

China remains the largest inulin producing country worldwide, comprising approx. 31% of total volume. Moreover, inulin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of inulin to Ireland?

In value terms, Belgium constituted the largest supplier of inulin to Ireland, comprising 57% of total imports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total imports. It was followed by the UK, with a 9% share.

What are the leading importers of inulin from Ireland?

In value terms, the UK remains the key foreign market for inulin exports from Ireland, comprising 91% of total exports. The second position in the ranking was occupied by the Czech Republic, with an 8.4% share of total exports.

What is the average export price for inulin in Ireland?

The average inulin export price stood at $6,962 per ton in 2021, declining by -19.3% against the previous year.

What is the average import price for inulin in Ireland?

The average inulin import price stood at $4,107 per ton in 2021, surging by 21% against the previous year.

This report provides an in-depth analysis of the inulin market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621130 - Inulin

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023