Ireland: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Ireland

The Irish man-made filament yarn market reached $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a mild decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Man-Made Filament Yarn Production in Ireland

In value terms, man-made filament yarn production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Man-Made Filament Yarn Exports

Exports from Ireland

In 2022, exports of man-made filament yarn from Ireland declined remarkably to X kg, reducing by X% against 2021 figures. In general, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, man-made filament yarn exports contracted markedly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for man-made filament yarn exports from Ireland, accounting for a X% share of total exports. Moreover, man-made filament yarn exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold. Switzerland (X kg) 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 amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

In value terms, the UK ($X) remains the key foreign market for man-made filament yarn exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average man-made filament yarn export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 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 export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Yarn Imports

Imports into Ireland

Man-made filament yarn imports into Ireland soared to X tons in 2022, with an increase of X% on 2021 figures. Overall, total imports indicated a buoyant expansion 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. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, man-made filament yarn imports skyrocketed to $X in 2022. In general, imports, however, showed a slight setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of man-made filament yarn to Ireland, accounting for a X% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

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

In value terms, China ($X), the UK ($X) and Turkey ($X) were the largest man-made filament yarn suppliers to Ireland, with a combined X% share of total imports.

China, with a CAGR of X%, saw 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 man-made filament yarn import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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