Ireland: Aluminium Alloy Tube Market 2022

Aluminium Alloy Tube Market Size in Ireland

The Irish aluminium alloy tube market declined dramatically to $X in 2021, dropping by -81.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a sharp contraction. Aluminium alloy tube consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aluminium Alloy Tube Exports

Exports from Ireland

In 2021, shipments abroad of aluminium alloy tubes and pipes decreased by -81.7% to X kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 361% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, aluminium alloy tube exports shrank sharply to $X in 2021. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 145% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for aluminium alloy tube exports from Ireland, with a 68% share of total exports. Moreover, aluminium alloy tube exports to the UK exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold. The third position in this ranking was held by the Netherlands (X kg), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-30.9% per year) and the Netherlands (+25.1% per year).

In value terms, the largest markets for aluminium alloy tube exported from Ireland were the UK ($X), the United States ($X) and the Netherlands ($X), together accounting for 91% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average aluminium alloy tube export price amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a temperate expansion. The pace of growth was the most pronounced in 2014 an increase of 170% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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 ($X per ton), while the average price for exports to the Czech Republic ($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 United States (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Tube Imports

Imports into Ireland

In 2021, purchases abroad of aluminium alloy tubes and pipes decreased by -81.5% to X tons, falling for the third consecutive year after two years of growth. In general, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 161%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, aluminium alloy tube imports reduced sharply to $X in 2021. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 152% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the UK (X tons) and Canada (X tons) were the main suppliers of aluminium alloy tube imports to Ireland, together comprising 66% of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +8.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Canada ($X) and China ($X) were the largest aluminium alloy tube suppliers to Ireland, with a combined 58% share of total imports.

Among the main suppliers, Canada, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium alloy tube import price stood at $X per ton in 2021, stabilizing at the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium alloy tube import price increased by +39.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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