Ireland: Cereals Market Overview 2020

Cereals Market Size in Ireland

The revenue of the cereals market in Ireland amounted to $X in 2018, dropping by -X% against the previous year. Overall, cereals consumption, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Cereals consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Cereals Production in Ireland

In value terms, cereals production stood at $X in 2018 estimated in export prices. Over the period under review, cereals production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Cereals production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Average yield of cereals in Ireland amounted to X tonne per ha in 2018, going up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, the average cereals yield reached its peak level and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of cereals in Ireland amounted to X ha, coming down by -X% against the previous year. Over the period under review, the cereals harvested area continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% y-o-y. In that year, the cereals harvested area attained its peak level of X ha. From 2009 to 2018, the growth of the cereals harvested area failed to regain its momentum.

Cereals Exports

Exports from Ireland

In 2018, approx. X tonnes of cereals were exported from Ireland; dropping by -X% against the previous year. Overall, cereals exports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, cereals exports attained their maximum at X tonnes in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, cereals exports stood at $X in 2018. Over the period under review, cereals exports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, cereals exports attained their peak figure at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for cereals exports from Ireland, accounting for a X% share of total exports. Moreover, cereals exports to the UK exceeded the volume sent to the second major destination, Norway (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to the UK amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and Belgium (-X% per year).

In value terms, the UK ($X) remains the key foreign market for cereals exports from Ireland, comprising X% of total cereals exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and Belgium (-X% per year).

Export Prices by Country

The average cereals export price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the cereals export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Belgium ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced mixed trend patterns.

Cereals Imports

Imports into Ireland

Cereals imports into Ireland amounted to X tonnes in 2018, increasing by X% against the previous year. Overall, cereals imports continue to indicate a resilient increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, cereals imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, cereals imports stood at $X in 2018. Overall, the total imports indicated strong growth from 2007 to 2018: 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 2018 figures, cereals imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Canada (X tonnes), Ukraine (X tonnes) and Brazil (X tonnes) were the main suppliers of cereals imports to Ireland, with a combined X% share of total imports. These countries were followed by the UK, France, Russia, Bulgaria, Latvia, Denmark, the Netherlands and Romania, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the UK ($X) and Ukraine ($X) appeared to be the largest cereals suppliers to Ireland, together comprising X% of total imports.

Among the main suppliers, Ukraine experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cereals import price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the cereals import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. In that year, the average import prices for cereals reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for cereals remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from the UK ($X per tonne) and France ($X per tonne), while the price for Russia ($X per tonne) and Ukraine ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform