Ireland: Peanut Butter Market 2025

Peanut Butter Market Size in Ireland

The Irish peanut butter market dropped to $X in 2022, which is down by -7.4% 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). The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Peanut Butter Exports

Exports from Ireland

In 2022, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by 0% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 138%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, peanut butter exports amounted to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 108% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for peanut butter exports from Ireland, accounting for a 93% share of total exports. It was followed by South Korea (X tons), with a 2.4% share of total exports. Malta (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+12.8% per year) and Malta (+34.8% per year).

It was followed by Malta, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+8.7% per year) and Malta (+35.9% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price saw a perceptible increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 56%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malta ($X per ton) and South Korea ($X per ton), while the average price for exports to Germany ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Ireland

In 2022, overseas purchases of peanut butter and prepared or preserved groundnuts decreased by 0% to X tons, falling for the second year in a row after two years of growth. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, peanut butter imports totaled $X in 2022. In general, imports saw moderate growth. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of peanut butter to Ireland, with a 73% share of total imports. Moreover, peanut butter imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and the Netherlands (+23.2% per year).

In value terms, the UK ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Ireland, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and the Netherlands (+19.5% per year).

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, leveling off at the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.4% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :