Ireland: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Ireland

The Irish man-made filament yarn market declined slightly to $X in 2021, which is down by -2.4% against the previous year. Over the period under review, consumption saw a pronounced decline. The most prominent rate of growth was recorded in 2018 with a decrease of -0.4% against the previous year. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Man-Made Filament Yarn Production in Ireland

In value terms, man-made filament yarn production totaled $X in 2021 estimated in export price. In general, production, however, showed a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 9.6%. Man-made filament yarn production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports from Ireland

In 2021, approx. X kg of man-made filament yarn were exported from Ireland; rising by 233% compared with the year before. In general, exports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 2,757%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, man-made filament yarn exports surged to $X in 2021. Overall, exports recorded a moderate increase. The pace of growth was the most pronounced in 2019 with an increase of 1,569% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for man-made filament yarn exports from Ireland, with a 86% share of total exports. Moreover, man-made filament yarn exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was taken by Italy (X kg), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.2% per year) and Italy (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for man-made filament yarn exports from Ireland, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 1.6% share of total exports. It was followed by Bulgaria, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.3% per year) and Bulgaria (0.0% per year).

Export Prices by Country

In 2021, the average man-made filament yarn export price amounted to $X per ton, falling by -15.9% against the previous year. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 137%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($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 (-1.2%).

Man-Made Filament Yarn Imports

Imports into Ireland

Man-made filament yarn imports into Ireland dropped significantly to X tons in 2021, declining by -40.7% on the year before. Overall, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 52% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports shrank notably to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 99.9% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and France (X tons) were the main suppliers of man-made filament yarn imports to Ireland, together comprising 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +66.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and France ($X) were the largest man-made filament yarn suppliers to Ireland, with a combined 74% share of total imports.

France, with a CAGR of +59.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, shrinking by -14.6% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 66%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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