Ireland: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Ireland

In 2021, the Irish market for unsaturated polyesters in primary forms decreased by -20.3% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Ireland

In 2021, overseas shipments of unsaturated polyesters in primary forms were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for unsaturated polyesters in primary forms exports from Ireland, accounting for a 98% share of total exports. It was followed by France (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +2.1%.

In value terms, the UK ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Ireland, comprising 98% of total exports. The second position in the ranking was taken by France ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +2.8%.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, growing by 27% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export 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 France amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.7%).

Imports of Unsaturated Polyesters In Primary Forms

Imports into Ireland

In 2021, purchases abroad of unsaturated polyesters in primary forms decreased by -32% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 91%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.8% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of unsaturated polyesters in primary forms to Ireland, accounting for a 65% share of total imports. Moreover, unsaturated polyesters in primary forms imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.6% per year) and the United States (+8.3% per year).

In value terms, the UK ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Ireland, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.2% per year) and the United States (+1.5% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of 74% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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