Ireland: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Ireland

In 2022, the Irish market for polyethylene with a specific gravity of less than X, in primary forms increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a perceptible decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Ireland

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Ireland

In 2022, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2022. Overall, exports enjoyed modest growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Ireland, accounting for a X% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to the UK exceeded the volume sent to the second major destination, Hungary (X tons), fivefold.

From 2012 to 2022, 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: Hungary (X% per year) and the United States (X% per year).

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Ireland were Hungary ($X), the UK ($X) and the United States ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Ireland

In 2022, after four years of decline, there was significant growth in purchases abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by X% to X tons. Overall, imports, however, saw a perceptible decline. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2022. Over the period under review, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Ireland, with a combined X% share of total imports. Germany, Spain, Denmark, Poland, France and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) were the largest polyethylene with a specific gravity of less than X suppliers to Ireland, together accounting for X% of total imports. Belgium, Denmark, Spain, the United States, Poland and France lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced slightly in the following year.

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 ($X per ton), while the price for Spain ($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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