Ireland: Other Chemical Products Market 2024

Other Chemical Products Market Size in Ireland

The Irish other chemical products market dropped to $X in 2022, which is down by -5.7% against the previous year. In general, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in Ireland

In value terms, other chemical products production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 91% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Other Chemical Products Exports

Exports from Ireland

Other chemical products exports from Ireland declined slightly to X tons in 2016, reducing by -2.8% against the previous year's figure. Overall, exports saw a pronounced reduction. The pace of growth was the most pronounced in 2015 when exports increased by 3.6%. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, other chemical products exports declined to $X in 2016. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 0.7% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Germany (X tons) and Spain (X tons) were the main destinations of other chemical products exports from Ireland, together comprising 30% of total exports. The UK, Turkey, Poland, the United States, France, Italy, Iran, Russia, Chile and Egypt lagged somewhat behind, together comprising a further 37%.

From 2012 to 2016, the biggest increases were recorded for Egypt (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Ireland were Spain ($X), Germany ($X) and the UK ($X), with a combined 36% share of total exports. France, Mexico, Italy, Poland, Turkey, the United States, Chile, Russia, Iran and Egypt lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Iran, with a CAGR of +6.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.5%. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Egypt ($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 Poland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Ireland

Other chemical products imports into Ireland expanded significantly to X tons in 2016, surging by 11% on the previous year. In general, imports posted prominent growth. The growth pace was the most rapid in 2014 with an increase of 103% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2016, the growth of imports failed to regain momentum.

In value terms, other chemical products imports expanded notably to $X in 2016. The total import value increased at an average annual rate of +4.8% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 14%. Imports peaked in 2016 and are likely to see gradual growth in the immediate term.

Imports by Country

The UK (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of other chemical products imports to Ireland, with a combined 41% share of total imports. Japan, Germany, Belgium and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +129.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of other chemical products to Ireland, comprising 52% of total imports. The second position in the ranking was taken by the UK ($X), with an 18% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2016, the average annual growth rate of value from the United States totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.9% per year) and Japan (+36.5% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, growing by 2% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by France (+30.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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