Ireland: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Ireland

In 2021, the Irish market for plastic fittings for tubes, pipes and hoses increased by 34% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a strong expansion. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Ireland

In value terms, production of plastic fittings for tubes, pipes and hoses expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by 113%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Ireland

In 2021, overseas shipments of plastic fittings for tubes, pipes and hoses decreased by -15.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 302% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 275% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Ireland, with a 81% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to the UK exceeded the volume sent to the second major destination, France (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+106.9% per year) and the United States (+10.4% per year).

In value terms, the UK ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Ireland, comprising 53% of total exports. The second position in the ranking was held by the United States ($X), with a 6% share of total exports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.2% per year) and France (+70.4% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 55% against the previous year. Overall, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 UK (+7.6%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Ireland

Imports of plastic fittings for tubes, pipes and hoses into Ireland soared to X tons in 2021, growing by 21% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 38%. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, imports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Ireland, accounting for a 45% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from the UK exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.2% per year) and the Netherlands (+46.2% per year).

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Ireland were the UK ($X), the United States ($X) and Germany ($X), together comprising 70% of total imports. The Netherlands, China, Australia, Italy, Poland and India lagged somewhat behind, together comprising a further 19%.

Poland, with a CAGR of +87.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for plastic fittings for tubes, pipes and hoses increased by +122.4% against 2012 indices. The pace of growth was the most pronounced in 2014 an increase of 20%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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