Ireland: Natural Polymers Market 2024

Natural Polymers Market Size in Ireland

The Irish natural polymers market contracted to $X in 2021, with a decrease of -7.4% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Natural Polymers Production in Ireland

In value terms, natural polymers production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Natural Polymers Exports

Exports from Ireland

In 2021, natural polymers exports from Ireland declined to X tons, dropping by -6.5% compared with 2020. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 57% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, natural polymers exports soared to $X in 2021. Overall, exports, however, enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), South Korea (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of natural polymers exports from Ireland, with a combined 81% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +114.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural polymers exported from Ireland were the United States ($X), South Korea ($X) and Democratic Republic of the Congo ($X), together comprising 76% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +133.8%, recorded the highest rates of growth with regard to 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

The average natural polymers export price stood at $X per ton in 2021, rising by 282% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Malaysia ($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 Nigeria (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Ireland

Natural polymers imports into Ireland shrank notably to X tons in 2021, which is down by -18.2% compared with the previous year. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 227% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, natural polymers imports shrank rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 311% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

The Netherlands (X tons), Norway (X tons) and Italy (X tons) were the main suppliers of natural polymers imports to Ireland, together accounting for 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +170.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural polymers suppliers to Ireland were Sweden ($X), the Netherlands ($X) and Norway ($X), with a combined 65% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +185.8%, saw 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

The average natural polymers import price stood at $X per ton in 2021, which is down by -10.5% against the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 114% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat 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 Sweden ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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