Ireland: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Ireland

The Irish saturated acyclic monocarboxylic acids market fell to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2014 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Ireland

In value terms, saturated acyclic monocarboxylic acids production totaled $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Ireland

In 2022, exports of saturated acyclic monocarboxylic acids from Ireland declined sharply to X tons, shrinking by X% on the previous year's figure. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports surged to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The UK (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Ireland, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), sixfold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Switzerland (X% per year).

In value terms, the UK ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Ireland

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were imported into Ireland; with a decrease of X% against the previous year's figure. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids imports contracted slightly to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

Belgium (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Ireland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Ireland were the United States ($X), Belgium ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded 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

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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