Ireland: Canned Food Market 2024

Canned Food Market Size in Ireland

The Irish canned food market dropped modestly to $X in 2021, falling by -4.4% against the previous year. Over the period under review, consumption showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 2.6%. Canned food consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Canned Food Production in Ireland

In value terms, canned food production contracted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from Ireland

In 2021, shipments abroad of canned food decreased by -16.3% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 16%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports shrank to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for canned food exports from Ireland, accounting for a 38% share of total exports. Moreover, canned food exports to the UK exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to the UK stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+31.5% per year) and France (+9.6% per year).

In value terms, the largest markets for canned food exported from Ireland were the UK ($X), China ($X) and France ($X), together accounting for 66% of total exports. These countries were followed by Germany, Saudi Arabia, the Netherlands, Hong Kong SAR and Denmark, which together accounted for a further 13%.

In terms of the main countries of destination, Germany, with a CAGR of +36.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, rising by 8.9% against the previous year. Over the last eight years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Ireland

In 2021, supplies from abroad of canned food decreased by -26.4% to X tons, falling for the second year in a row after six years of growth. In general, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 12%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, canned food imports contracted sharply to $X in 2021. Over the period under review, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tons) constituted the largest supplier of canned food to Ireland, accounting for a 56% share of total imports. Moreover, canned food imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 6.6% share.

From 2012 to 2020, the average annual growth rate of volume from the UK totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and Italy (+4.2% per year).

In value terms, the UK ($X) constituted the largest supplier of canned food to Ireland, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 7% share of total imports. It was followed by Thailand, with a 6.5% share.

From 2012 to 2020, the average annual rate of growth in terms of value from the UK totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.2% per year) and Thailand (+5.6% per year).

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, with an increase of 5.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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