Ireland: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Ireland

The Irish cyclic hydrocarbons market soared to $X in 2021, jumping by 123% 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). Over the period under review, consumption, however, continues to indicate a mild shrinkage. Cyclic hydrocarbons consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Ireland

In 2021, the amount of other cyclic hydrocarbons exported from Ireland skyrocketed to X tons, growing by 781% compared with the previous year's figure. Overall, exports posted a resilient expansion. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports surged to $X in 2021. Over the period under review, exports recorded a notable increase. The pace of growth was the most pronounced in 2018 when exports increased by 331% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for cyclic hydrocarbons exports from Ireland, with a 90% share of total exports. It was followed by China (X kg), with a 2.2% share of total exports. France (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+70.3% per year) and France (+160.9% per year).

In value terms, the UK ($X) remains the key foreign market for other cyclic hydrocarbons exports from Ireland, comprising 64% of total exports. The second position in the ranking was held by Italy ($X), with an 8.7% share of total exports. It was followed by France, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.7% per year) and France (+69.4% per year).

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, reducing by -65.8% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2014 an increase of 245% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 China (+1.9%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Ireland

In 2021, purchases abroad of other cyclic hydrocarbons increased by 131% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a mild decline. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. Overall, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 447%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of cyclic hydrocarbons imports to Ireland, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +3.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cyclic hydrocarbons suppliers to Ireland were the UK ($X), South Korea ($X) and the Netherlands ($X), together comprising 76% of total imports.

South Korea, with a CAGR of 0.0%, 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 a decline.

Import Prices by Country

In 2021, the average cyclic hydrocarbons import price amounted to $X per ton, reducing by -14.8% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 404%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($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 UK (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :