Ireland: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Ireland

The Irish market for polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Ireland

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Ireland

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Ireland skyrocketed to X tons, jumping by 37% on the previous year's figure. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. The exports peaked in 2016 and are expected to retain growth in years to come.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2016. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 110% against the previous year. The exports peaked in 2016 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Ireland, with a 68% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the UK exceeded the volume sent to the second major destination, France (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2016, the average annual growth rate of volume to the UK stood at +80.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.0% per year) and the Netherlands (+244.3% per year).

In value terms, the UK ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Ireland, comprising 57% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Poland, with a 5.1% share.

From 2012 to 2016, the average annual growth rate of value to the UK amounted to +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.2% per year) and Poland (+109.1% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, reducing by -11.2% against the previous year. In general, export price indicated a prominent increase from 2012 to 2016: its price increased at an average annual rate of +11.5% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -31.7% against 2014 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Ireland

In 2016, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Ireland skyrocketed to X tons, rising by 26% on the previous year's figure. In general, total imports indicated strong growth from 2012 to 2016: its volume increased at an average annual rate of +10.0% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +74.6% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2016. Overall, imports, however, continue to indicate a noticeable decline. Imports peaked at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

In 2016, the UK (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to Ireland, with a 58% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the UK exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2016, the average annual growth rate of volume from the UK stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+33.9% per year) and Germany (-0.8% per year).

In value terms, the UK ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Ireland, comprising 52% of total imports. The second position in the ranking was held by Lithuania ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2016, the average annual rate of growth in terms of value from the UK totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+18.2% per year) and Germany (-13.8% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, waning by -9.8% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price decreased by -0.6%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Canada (+13.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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