Ireland: Plastic Packaging Market 2024

Plastic Packaging Market Size in Ireland

In 2022, after two years of growth, there was significant decline in the Irish plastic packaging market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then fell in the following year.

Plastic Packaging Production in Ireland

In value terms, plastic packaging production soared to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Plastic packaging production peaked in 2022 and is likely to see gradual growth in years to come.

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Plastic Packaging Exports

Exports from Ireland

After four years of growth, shipments abroad of plastic packaging decreased by X% to X tons in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic packaging exports reached $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for plastic packaging exports from Ireland, with a X% share of total exports. Moreover, plastic packaging exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, 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: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the UK ($X) remains the key foreign market for plastic packaging exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average plastic packaging export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic packaging export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Packaging Imports

Imports into Ireland

In 2022, supplies from abroad of plastic packaging was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastic packaging imports expanded significantly to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest plastic packaging supplier to Ireland, accounting for a X% share of total imports. Moreover, plastic packaging imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest plastic packaging suppliers to Ireland were the UK ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. The Netherlands, China, France, Belgium, Turkey, Poland, India, Greece, Vietnam and Italy lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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

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