Ireland: Alcohols Market 2024

Alcohols Market Size in Ireland

After two years of decline, the Irish alcohols market increased by X% to $X in 2020. In general, the total consumption indicated strong growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Alcohols consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Alcohols Exports

Exports from Ireland

In 2020, exports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives from Ireland fell notably to X tons, waning by X% on 2019. Overall, exports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, alcohols exports reduced slightly to $X in 2020. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for alcohols exports from Ireland, with a X% share of total exports. Moreover, alcohols exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, the United States ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the UK (X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, 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 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Alcohols Imports

Imports into Ireland

Alcohols imports into Ireland surged to X tons in 2020, rising by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2020, imports failed to regain momentum.

In value terms, alcohols imports skyrocketed to $X in 2020. Over the period under review, total imports indicated a prominent increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the UK (X tons) and Trinidad and Tobago (X tons) were the main suppliers of alcohols imports to Ireland, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to Ireland were Germany ($X), the UK ($X) and the United States ($X), with a combined X% share of total imports. The Netherlands, Belgium, France, Trinidad and Tobago and Norway lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Trinidad and Tobago, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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