Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland (CIF) - 2023
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland (FOB) - 2023
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland (CIF) - 2023

In October 2023, the average import price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $32,061 per ton, picking up by 20% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in May 2023 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $33,139 per ton. From June 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Norway ($35,332 per ton), while the price for the UK ($14,755 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland (FOB) - 2023

The average export price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $28,056 per ton in October 2023, declining by -31.5% against the previous month. Over the period under review, the export price, however, showed a buoyant increase. The growth pace was the most rapid in May 2023 an increase of 52% against the previous month. As a result, the export price reached the peak level of $44,106 per ton. From June 2023 to October 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Spain ($44,367 per ton), while the average price for exports to Democratic Republic of the Congo ($27,206 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland

For the fourth year in a row, Ireland recorded growth in overseas purchases of polymers, natural; alginic acid, its salts and esters, in primary formses, which increased by 77% to 745 tons in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $9.9M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Ireland in 2022:

1. Norway (458.6 tons)
2. Chile (147.6 tons)
3. France (56.4 tons)
4. Japan (29.3 tons)
5. Germany (25.1 tons)
6. United Kingdom (24.8 tons)
7. China (1.9 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Ireland

In 2022, exports of polymers, natural; alginic acid, its salts and esters, in primary formses from Ireland soared to 122 tons, picking up by 44% against the previous year's figure. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $2.8M in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from Ireland in 2022:

1. Democratic Republic of the Congo (39.5 tons)
2. Spain (16.6 tons)
3. United States (14.8 tons)
4. Angola (12.7 tons)
5. Benin (8.4 tons)
6. Togo (8.2 tons)
7. Norway (6.1 tons)
8. Poland (2.0 tons)

Source: IndexBox Market Intelligence Platform