Ireland: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2023

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Ireland

The Irish chloride oxides of metal market dropped significantly to $X in 2021, which is down by -31.1% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -43.2% against 2016 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Ireland

In value terms, chloride oxides of metal production expanded notably to $X in 2021 estimated in export price. Overall, production saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 990% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports from Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of chloride oxides and chloride hydroxides of copper and other metals, which decreased by -37.2% to X tons in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 51% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, chloride oxides of metal exports fell significantly to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 71%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for chloride oxides of metal exports from Ireland, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at -11.6%.

In value terms, the UK ($X) also remains the key foreign market for chloride oxides and chloride hydroxides of copper and other metals exports from Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled -9.7%.

Export Prices by Country

In 2021, the average chloride oxides of metal export price amounted to $X per ton, waning by -8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +2.2% per year.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports into Ireland

Chloride oxides of metal imports into Ireland reduced sharply to X tons in 2021, waning by -76.1% on the previous year's figure. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 60%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, chloride oxides of metal imports fell rapidly to $X in 2021. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) was the main supplier of chloride oxides of metal to Ireland, with a 92% share of total imports. Moreover, chloride oxides of metal imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -17.8%.

In value terms, the UK ($X) constituted the largest supplier of chloride oxides and chloride hydroxides of copper and other metals to Ireland, comprising 70% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to -4.7%.

Import Prices by Country

The average chloride oxides of metal import price stood at $X per ton in 2021, jumping by 177% against the previous year. In general, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.0%).

Source: IndexBox Market Intelligence Platform

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