Ireland: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Ireland

For the fourth year in a row, the Irish polyolefins other than polypropylene market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Exports of Polyolefins other than Polypropylene

Exports from Ireland

In 2023, shipments abroad of polyolefins other than polypropylene decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, polyolefins other than polypropylene exports shrank notably to $X in 2023. In general, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Poland (X tons), Hungary (X tons) and Spain (X tons) were the main destinations of polyolefins other than polypropylene exports from Ireland, together comprising X% of total exports. Germany, the UK, Belgium, France, the Netherlands, the United States and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for polyolefins other than polypropylene exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Spain (X% per year).

Export Prices by Country

The average polyolefins other than polypropylene export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price recorded a notable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyolefins other than Polypropylene

Imports into Ireland

In 2023, after three years of growth, there was significant decline in overseas purchases of polyolefins other than polypropylene, when their volume decreased by X% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, polyolefins other than polypropylene imports reached $X in 2023. In general, total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Belgium (X tons) constituted the largest supplier of polyolefins other than polypropylene to Ireland, with a X% share of total imports. Moreover, polyolefins other than polypropylene imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of polyolefins other than polypropylene to Ireland, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform