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Ireland - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Woolen Yarn Market Overview 2021

Woolen Yarn Market Size in Ireland

In 2020, the Irish woolen yarn market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Woolen yarn consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Woolen Yarn Exports

Exports from Ireland

In 2020, overseas shipments of yarn of wool decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, woolen yarn exports shrank rapidly to $X in 2020. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for woolen yarn exports from Ireland, with a X% share of total exports. Moreover, woolen yarn exports to the U.S. exceeded the volume sent to the second major destination, Australia (X tonnes), sevenfold. Denmark (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Denmark (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average woolen yarn export price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the export price saw a buoyant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Ireland

In 2020, purchases abroad of yarn of wool decreased by -X% to X tonnes for the first time since 2012, thus ending a seven-year rising trend. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2019, and then dropped rapidly in the following year.

In value terms, woolen yarn imports reduced sharply to $X in 2020. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

The UK (X tonnes), Spain (X tonnes) and Peru (X tonnes) were the main suppliers of woolen yarn imports to Ireland, together comprising X% of total imports. Romania, Italy, Bulgaria and China lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of woolen yarn to Ireland, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the UK stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, import price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?
+
China (281K tonnes) remains the largest woolen yarn consuming country worldwide, comprising approx. 32% of total volume. Moreover, woolen yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (51K tonnes), fivefold. The third position in this ranking was occupied by Indonesia (47K tonnes), with a 5.3% share.
What are the largest producers of yarn of wool in the world?
+
China (303K tonnes) constituted the country with the largest volume of woolen yarn production, comprising approx. 34% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India (57K tonnes), fivefold. The third position in this ranking was occupied by Italy (50K tonnes), with a 5.6% share.
What are the leading suppliers of yarn of wool to Ireland?
+
In value terms, the UK ($4.2M) constituted the largest supplier of woolen yarn to Ireland, comprising 37% of total imports. The second position in the ranking was occupied by Peru ($1.9M), with a 17% share of total imports. It was followed by Italy, with a 14% share.
What are the leading importers of yarn of wool from Ireland?
+
In value terms, the U.S. ($814K) remains the key foreign market for woolen yarn exports from Ireland, comprising 65% of total exports. The second position in the ranking was occupied by Australia ($98K), with a 7.9% share of total exports. It was followed by Germany, with a 5.4% share.
What is the average export price for yarn of wool in Ireland?
+
The average woolen yarn export price stood at $31,337 per tonne in 2020, picking up by 116% against the previous year.
What is the average import price for yarn of wool in Ireland?
+
In 2020, the average woolen yarn import price amounted to $15,261 per tonne, surging by 33% against the previous year.

Product coverage:
• Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
• Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
• Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

This report provides an in-depth analysis of the woolen yarn market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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