Ireland: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Ireland

The Irish ethylene polymer rigid pipes market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Ireland

In value terms, ethylene polymer rigid pipes production rose sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 -10.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Ireland

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -2.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped slightly in the following year.

In value terms, ethylene polymer rigid pipes exports soared to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.7% against 2016 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 30%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The UK (X tons) was the main destination for ethylene polymer rigid pipes exports from Ireland, accounting for a 88% share of total exports. Moreover, ethylene polymer rigid pipes exports to the UK exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.4% per year) and Hungary (+18.2% per year).

In value terms, the UK ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Ireland, comprising 78% of total exports. The second position in the ranking was taken by Austria ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.8% per year) and Hungary (+18.1% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, rising by 29% against the previous year. In general, the export price, however, continues to indicate a slight setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Austria ($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 Norway (+5.5%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Ireland

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -6% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes imports totaled $X in 2021. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 80% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest ethylene polymer rigid pipes supplier to Ireland, with a 78% share of total imports. Moreover, ethylene polymer rigid pipes imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.4% per year) and Germany (+5.3% per year).

In value terms, the UK ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Ireland, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total imports. It was followed by Germany, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.3% per year) and Germany (+9.0% per year).

Import Prices by Country

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, rising by 10% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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