Ireland - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Ireland - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Stearic Acid Price in Ireland - 2023

Contents:

  1. Industrial Stearic Acid Price in Ireland (CIF) - 2022
  2. Industrial Stearic Acid Price in Ireland (FOB) - 2022
  3. Industrial Stearic Acid Imports in Ireland
  4. Industrial Stearic Acid Exports in Ireland

Industrial Stearic Acid Price in Ireland (CIF) - 2022

The average industrial stearic acid import price stood at $3,599 per ton in 2022, surging by 51% against the previous year. In general, the import price enjoyed a measured expansion. The growth pace was the most rapid in 2016 an increase of 56% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($4,901 per ton), while the price for Indonesia ($2,602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Industrial Stearic Acid Price in Ireland (FOB) - 2022

The average industrial stearic acid export price stood at $6,622 per ton in 2022, surging by 8.7% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial stearic acid export price decreased by -4.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 62% against the previous year. The export price peaked at $7,728 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($7,094 per ton) and Singapore ($6,877 per ton), while the average price for exports to the United Arab Emirates ($5,626 per ton) and China ($5,627 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Stearic Acid Imports in Ireland

In 2022, purchases abroad of industrial stearic acid was finally on the rise to reach 156 tons after two years of decline. In general, imports, however, showed a abrupt descent.

In value terms, industrial stearic acid imports soared to $562K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Industrial Stearic Acid in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany56.539.212026066.3%
Indonesia60.967.168.521151.3%
MalaysiaN/A14.814.477.2128.4%
United Kingdom11710076.511.4-54.0%
Netherlands28.623.9N/AN/A-16.4%
Others2.8N/A6.52.7-1.2%
Total26624528656228.3%

Top Suppliers of Industrial Stearic Acid to Ireland in 2022:

  1. Indonesia (81.1 tons)
  2. Germany (56.5 tons)
  3. Malaysia (15.8 tons)
  4. United Kingdom (2.5 tons)

Industrial Stearic Acid Exports in Ireland

In 2022, after three years of growth, there was significant decline in overseas shipments of industrial stearic acid, when their volume decreased by -17.5% to 14 tons. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 243% against the previous year. As a result, the exports attained the peak of 17 tons, and then reduced dramatically in the following year.

In value terms, industrial stearic acid exports dropped to $92K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 200% against the previous year. As a result, the exports attained the peak of $103K, and then shrank in the following year.

Export of Industrial Stearic Acid in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India16.412.3N/A36.830.9%
Pakistan10.014.617.329.944.1%
China3.81.4N/A9.435.2%
United Arab EmiratesN/AN/A0.66.61000.0%
SingaporeN/A1.54.76.2103.3%
United KingdomN/AN/A56.03.7-93.4%
ChileN/A0.51.5N/A200.0%
IndonesiaN/AN/A16.9N/A0%
KuwaitN/A4.01.6N/A-60.0%
AustraliaN/AN/A4.5N/A0%
Others0.8N/AN/AN/A0%
Total31.034.310392.443.9%

Top Export Markets for Industrial Stearic Acid from Ireland in 2022:

  1. India (5.2 tons)
  2. Pakistan (4.4 tons)
  3. China (1.7 tons)
  4. United Arab Emirates (1.2 tons)
  5. Singapore (0.9 tons)
  6. United Kingdom (0.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial stearic acid 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 2030.

Product coverage:

  • Prodcom 20143120 - Industrial stearic acid

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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