Ireland: Phenols Market 2024

Phenols Market Size in Ireland

In 2022, the Irish phenols market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Phenols consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Phenols Production in Ireland

In value terms, phenols production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Phenols production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Phenols Exports

Exports from Ireland

In 2022, the amount of phenols exported from Ireland reduced rapidly to X tons, declining by X% on 2021. Overall, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, phenols exports contracted significantly to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Luxembourg (X tons) was the main destination for phenols exports from Ireland, with a X% share of total exports. Moreover, phenols exports to Luxembourg exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for phenols exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Luxembourg ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average phenols export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

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

Phenols Imports

Imports into Ireland

In 2022, purchases abroad of phenols was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a dramatic slump. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, phenols imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt decrease. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest phenols supplier to Ireland, accounting for a X% share of total imports. Moreover, phenols imports from Switzerland exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

In value terms, the largest phenols suppliers to Ireland were India ($X), Switzerland ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of 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 2022, the average phenols import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Poland ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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