Ireland: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Ireland

The Irish reclaimed rubber market reduced to $X in 2021, waning by -10.8% against the previous year. In general, consumption, however, recorded a abrupt shrinkage. Reclaimed rubber consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Reclaimed Rubber Production in Ireland

In value terms, reclaimed rubber production surged to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 100%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports from Ireland

Reclaimed rubber exports from Ireland soared to X tons in 2021, surging by 100% against the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 51,800%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, reclaimed rubber exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 16,935% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Norway (X tons) was the main destination for reclaimed rubber exports from Ireland, with a 88% share of total exports. Moreover, reclaimed rubber exports to Norway exceeded the volume sent to the second major destination, the UK (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +7.0%.

In value terms, Norway ($X) remains the key foreign market for reclaimed rubber exports from Ireland, comprising 93% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +13.4%.

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, reducing by -27% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2019 an increase of 75%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.0%).

Reclaimed Rubber Imports

Imports into Ireland

In 2021, overseas purchases of reclaimed rubber increased by 82% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 177%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 143%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

The UK (X tons), China (X tons) and Serbia (X tons) were the main suppliers of reclaimed rubber imports to Ireland, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +320.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Serbia ($X) were the largest reclaimed rubber suppliers to Ireland, together comprising 99% of total imports.

Among the main suppliers, China, with a CAGR of +229.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, picking up by 2.7% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber import price decreased by -17.6% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 52%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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