Ireland: Wadding Market 2024

Wadding Market Size in Ireland

The Irish wadding market rose markedly to $X in 2021, growing by 7% against the previous year. Over the period under review, consumption showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 9.1%. Wadding consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wadding Production in Ireland

In value terms, wadding production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 165%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Wadding Exports

Exports from Ireland

In 2021, approx. X tons of wadding were exported from Ireland; picking up by 9.2% against the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, wadding exports declined to $X in 2021. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 248%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and France (X tons) were the main destinations of wadding exports from Ireland, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +44.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wadding exported from Ireland were the United States ($X), the UK ($X) and France ($X), with a combined 98% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +50.6%, saw 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 wadding export price stood at $X per ton in 2021, declining by -18.7% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 239%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the UK (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Wadding Imports

Imports into Ireland

In 2021, purchases abroad of wadding decreased by -21.5% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wadding imports dropped to $X in 2021. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest wadding supplier to Ireland, accounting for a 41% share of total imports. Moreover, wadding imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.3% per year) and Germany (-17.3% per year).

In value terms, the UK ($X) constituted the largest supplier of wadding to Ireland, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.9% per year) and Germany (-12.2% per year).

Import Prices by Country

In 2021, the average wadding import price amounted to $X per ton, jumping by 22% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wadding import price increased by +68.5% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 38%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform