Report Update Nov 1, 2024

Ireland - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Phenolic Resins Market 2024

Phenolic Resins Market Size in Ireland

The Irish phenolic resins market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption posted a perceptible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Phenolic Resins Exports

Exports from Ireland

Phenolic resins exports from Ireland skyrocketed to X tons in 2021, growing by 18,983% against the previous year. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, phenolic resins exports soared to $X in 2021. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for phenolic resins exports from Ireland, with a 78% share of total exports. Moreover, phenolic resins exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+279.2% per year) and Germany (+8.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for phenolic resins in primary forms exports from Ireland, comprising 73% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+167.3% per year) and the United States (+55.1% per year).

Export Prices by Country

In 2021, the average phenolic resins export price amounted to $X per ton, reducing by -10% against the previous year. Overall, the export price, however, showed slight growth. The pace of growth was the most pronounced in 2017 an increase of 354%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the United States (+36.9%), while the prices for the other major destinations experienced mixed trend patterns.

Phenolic Resins Imports

Imports into Ireland

After two years of decline, supplies from abroad of phenolic resins in primary forms increased by 66% to X tons in 2021. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, phenolic resins imports soared to $X in 2021. Over the period under review, imports saw a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) was the main phenolic resins supplier to Ireland, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +5.6%.

In value terms, the UK ($X) constituted the largest supplier of phenolic resins in primary forms to Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +2.1%.

Import Prices by Country

The average phenolic resins import price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. Overall, the import price, however, recorded a mild setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -3.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenolic resins in primary forms in the world?

China constituted the country with the largest volume of phenolic resins consumption, accounting for 22% of total volume. Moreover, phenolic resins consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.2% share.

What are the largest producers of phenolic resins in primary forms in the world?

China remains the largest phenolic resins producing country worldwide, accounting for 22% of total volume. Moreover, phenolic resins production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.6% share.

What are the leading suppliers of phenolic resins in primary forms to Ireland?

In value terms, the UK constituted the largest supplier of phenolic resins to Ireland.

What are the leading importers of phenolic resins in primary forms from Ireland?

In value terms, Mexico, Switzerland and the U.S. constituted the largest markets for phenolic resins exported from Ireland worldwide, together comprising 90% of total exports.

What is the average export price for phenolic resins in primary forms in Ireland?

In 2020, the average phenolic resins export price amounted to $4,316 per ton, surging by 26% against the previous year.

What is the average import price for phenolic resins in primary forms in Ireland?

The average phenolic resins import price stood at $1,246 per ton in 2020, dropping by -4.2% against the previous year.

This report provides an in-depth analysis of the phenolic resins market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165650 - Phenolic resins, in primary forms

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023