Ireland: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Ireland

The Irish plastic ornamental articles market reduced rapidly to $X in 2022, with a decrease of -23.6% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Plastic ornamental articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Ornamental Articles Production in Ireland

In value terms, plastic ornamental articles production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 10%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Ireland

After two years of decline, overseas shipments of statuettes and other ornamental articles of plastic increased by 127% to X tons in 2022. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles exports shrank to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.5% against 2013 indices. The pace of growth appeared the most rapid in 2015 with an increase of 38%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Spain (X tons) was the main destination for plastic ornamental articles exports from Ireland, with a 90% share of total exports. Moreover, plastic ornamental articles exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+17.0% per year) and Germany (-57.9% per year).

In value terms, the largest markets for plastic ornamental articles exported from Ireland were Spain ($X), the UK ($X) and Germany ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, falling by -60.6% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Germany (+39.3%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Ireland

In 2022, supplies from abroad of statuettes and other ornamental articles of plastic decreased by -2.6% to X tons, falling for the second year in a row after three years of growth. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.6% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 27%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports stood at $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Ireland, accounting for a 77% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and the UK (-15.5% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Ireland, comprising 70% of total imports. The second position in the ranking was held by the UK ($X), with an 8.1% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-14.1% per year) and Germany (+17.1% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, surging by 15% against the previous year. In general, the import price, however, saw a mild shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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