Ireland: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Ireland

The Irish polyphenols and phenol-alcohols market rose slightly to $X in 2022, surging by 4.8% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.0% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Polyphenols And Phenol-Alcohols Production in Ireland

In value terms, polyphenols and phenol-alcohols production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 113% against the previous year. Polyphenols and phenol-alcohols production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports from Ireland

In 2022, overseas shipments of polyphenols and phenol-alcohols decreased by 0% to X tons, falling for the fifth year in a row after four years of growth. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 2,437%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols exports stood at $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 3,109%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), the UK (X kg) and Australia (X kg) were the main destinations of polyphenols and phenol-alcohols exports from Ireland, together accounting for 78% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

It was followed by the UK, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to +67.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+40.2% per year) and the UK (+26.4% per year).

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 137%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Ireland

In 2022, imports of polyphenols and phenol-alcohols into Ireland was estimated at X tons, remaining stable against 2021. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 785% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports stood at $X in 2022. Overall, imports posted a noticeable increase. The growth pace was the most rapid in 2017 when imports increased by 2,536%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to Ireland, with a combined 93% share of total imports. These countries were followed by China, which accounted for a further 6.3%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -6.4%), while purchases for the other leaders experienced a decline.

In value terms, the largest polyphenols and phenol-alcohols suppliers to Ireland were India ($X), the United States ($X) and the UK ($X), with a combined 97% share of total imports.

Among the main suppliers, the United States, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 250% against the previous year. The import price peaked in 2022 and is expected to retain 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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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