Ireland: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Ireland

The Irish multiple-walled insulating glass unit market surged to $X in 2021, picking up by 45% against the previous year. Overall, consumption posted a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Multiple-Walled Insulating Units Of Glass in Ireland

In value terms, multiple-walled insulating glass unit production reached $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the near future.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Ireland

In 2020, shipments abroad of multiple-walled insulating units of glass increased by 8.9% to X square meters, rising for the fourth year in a row after two years of decline. Over the period under review, total exports indicated a buoyant increase from 2012 to 2020: its volume increased at an average annual rate of +6.0% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +84.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2020. Overall, total exports indicated a strong increase from 2012 to 2020: its value increased at an average annual rate of +6.0% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +78.0% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 29% against the previous year. The exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

The UK (X square meters) was the main destination for multiple-walled insulating glass unit exports from Ireland, with a 73% share of total exports. Moreover, multiple-walled insulating glass unit exports to the UK exceeded the volume sent to the second major destination, Canada (X square meters), fourfold.

From 2012 to 2020, the average annual growth rate of volume to the UK totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+54.5% per year) and the United States (+94.1% per year).

In value terms, the UK ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Ireland, comprising 63% of total exports. The second position in the ranking was taken by Canada ($X), with a 24% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the UK stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+43.3% per year) and the United States (+60.8% per year).

Export Prices by Country

In 2020, the average multiple-walled insulating glass unit export price amounted to $X per square meter, surging by 7.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 7.6% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Ireland

In 2020, imports of multiple-walled insulating units of glass into Ireland contracted rapidly to X square meters, declining by -28.5% against the previous year's figure. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2016 when imports increased by 227%. Imports peaked at X square meters in 2019, and then contracted notably in the following year.

In value terms, multiple-walled insulating glass unit imports reduced rapidly to $X in 2020. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 147%. Imports peaked at $X in 2019, and then dropped sharply in the following year.

Imports by Country

Lithuania (X square meters), the UK (X square meters) and Spain (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Ireland, together accounting for 88% of total imports. These countries were followed by Turkey, Germany and Poland, which together accounted for a further 11%.

From 2012 to 2020, the biggest increases were recorded for Turkey (with a CAGR of +1,259.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multiple-walled insulating glass unit suppliers to Ireland were Lithuania ($X), the UK ($X) and Germany ($X), together comprising 85% of total imports. Turkey, Spain and Poland lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Turkey, with a CAGR of +1,569.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average multiple-walled insulating glass unit import price amounted to $X per square meter, remaining constant against the previous year. In general, the import price, however, saw a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Turkey (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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