Ireland: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Ireland

The Irish polyethylene glycol and polyether market surged to $X in 2021, picking up by 33% 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). In general, consumption saw a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Ireland

Polyethylene glycol and polyether exports from Ireland surged to X tons in 2021, increasing by 401% compared with the year before. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2013 when exports increased by 1,784% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,039%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of polyethylene glycol and polyether exports from Ireland, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +52.4%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest markets for polyethylene glycol and polyether exported from Ireland worldwide, together accounting for 91% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +51.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, increasing by 64% against the previous year. Over the period under review, the export price showed mild growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+53.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Ireland

In 2021, polyethylene glycol and polyether imports into Ireland stood at X tons, approximately equating the previous year's figure. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 72%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 62% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of polyethylene glycol and polyether imports to Ireland, together accounting for 56% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +108.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Ireland, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the UK, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+36.4% per year) and the UK (+12.4% per year).

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, rising by 46% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol and polyether import price increased by +98.9% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($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 (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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