Ireland: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Ireland

The Irish rubber-to-metal and moulded article market reached $X in 2021, rising by 11% against the previous year. Over the period under review, consumption enjoyed a prominent increase. Rubber-to-metal and moulded article consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Rubber-to-Metal and Moulded Articles in Ireland

In value terms, rubber-to-metal and moulded article production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Ireland

In 2021, approx. X tons of rubber-to-metal and moulded articles were exported from Ireland; with an increase of 125% compared with 2020 figures. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Ireland, with a 65% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.4% per year) and France (+39.3% per year).

In value terms, Germany ($X), Italy ($X) and South Korea ($X) constituted the largest markets for rubber-to-metal and moulded article exported from Ireland worldwide, with a combined 64% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +148.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, with an increase of 77% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the average price for exports to the UK ($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 Spain (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Ireland

In 2021, purchases abroad of rubber-to-metal and moulded articles increased by 83% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. 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, France (X tons) constituted the largest rubber-to-metal and moulded article supplier to Ireland, accounting for a 35% share of total imports. Moreover, rubber-to-metal and moulded article imports from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +78.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.9% per year) and China (+21.4% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to Ireland were the United States ($X), France ($X) and Japan ($X), together comprising 68% of total imports. These countries were followed by Germany, the UK, China, Serbia, India, Turkey and Thailand, which together accounted for a further 26%.

Serbia, with a CAGR of +195.2%, recorded the highest growth rate of 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 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, with a decrease of -24.1% against the previous year. Overall, the import price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 54%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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