Ireland: Aluminium Tube Market 2024

Aluminium Tube Market Size in Ireland

The Irish aluminium tube market reduced sharply to $X in 2022, which is down by X% 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, however, posted moderate growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Tube Exports

Exports from Ireland

After two years of decline, overseas shipments of aluminium tubes, pipes and tube or pipe fittings increased by X% to X tons in 2022. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium tube exports surged to $X in 2022. In general, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of aluminium tube exports from Ireland, with a combined X% share of total exports. The UK, Germany, India, Belgium, Finland, Sweden and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the Netherlands ($X) and the United States ($X) were the largest markets for aluminium tube exported from Ireland worldwide, together accounting for X% of total exports. Germany, the UK, India, Belgium, Finland, Sweden and France lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a buoyant increase. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

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Aluminium Tube Imports

Imports into Ireland

In 2022, imports of aluminium tubes, pipes and tube or pipe fittings into Ireland declined markedly to X tons, waning by X% on the year before. Overall, imports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, aluminium tube imports dropped slightly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of aluminium tube to Ireland, with a X% share of total imports. Moreover, aluminium tube imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, the UK ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to Ireland, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform