Between 2008-2018, GDP in Ireland grew by an average of 4.8% p.a. (inflation adjusted). Prior to the global financial crisis Ireland’s economy was booming. It was during this time that Ireland’s economy was referred to as the “Celtic Tiger”. This period of growth was largely a result of an influx of investment, notably from the technology sector, which were drawn to the country’s enticing tax rates.
Ireland entered into recession in 2008, when the economy declined by 4.8%. The following year saw further decline, with a reduction of 9.4% in 2009. There was a brief recovery in 2011, when growth averaged at 2%. This recovery could be sustained and was able to avoid a double-dip recession like many other European countries.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.3% p.a. in a low scenario to 3.2% p.a. in a high scenario. Accordingly, the industry in Ireland is expected to achieve revenues of between $228m to $238m by 2023.
Report Data: 2018
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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