Ireland: Silicone Market Overview 2020

Silicone Market Size in Ireland

The revenue of the silicone market in Ireland amounted to $X in 2018, jumping by X% against the previous year. Overall, silicone consumption, however, continues to indicate an abrupt decline. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Silicone consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Silicone Production in Ireland

In value terms, silicone production stood at $X in 2018 estimated in export prices. Overall, silicone production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Silicone production peaked in 2018 and is expected to retain its growth in the near future.

Silicone Exports

Exports from Ireland

Silicone exports from Ireland stood at X tonnes in 2018, picking up by X% against the previous year. In general, silicone exports continue to indicate conspicuous growth. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, silicone exports stood at $X in 2018. Overall, the total exports indicated a temperate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes), Mexico (X tonnes) and the UK (X tonnes) were the main destinations of silicone exports from Ireland, together accounting for X% of total exports. Argentina, Brazil, Germany, Russia, Ethiopia, Nigeria, Antigua and Barbuda, France and Bolivia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ethiopia (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average silicone export price stood at $X per tonne in 2018, falling by -X% against the previous year. Overall, the silicone export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Russia ($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 Germany, while the prices for the other major destinations experienced a decline.

Silicone Imports

Imports into Ireland

In 2018, the amount of silicones (in primary forms) imported into Ireland stood at X tonnes, reducing by -X% against the previous year. Overall, silicone imports continue to indicate a dramatic drop. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, silicone imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, silicone imports amounted to $X in 2018. Overall, silicone imports continue to indicate a deep contraction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, silicone imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest supplier of silicone to Ireland, accounting for a X% share of total imports. Moreover, silicone imports from the U.S. exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), fivefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Germany (-X% per year).

In value terms, Japan ($X), the U.S. ($X) and the UK ($X) were the largest silicone suppliers to Ireland, with a combined X% share of total imports.

Japan recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced a decline.

Import Prices by Country

The average silicone import price stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for silicones (in primary forms) attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for silicones (in primary forms) failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Japan ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform