Italy: Acetic Acid Market 2024

Acetic Acid Market Size in Italy

The Italian acetic acid market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetic Acid Production in Italy

In value terms, acetic acid production surged to $X in 2021 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 196%. Acetic acid production peaked in 2021 and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Italy

In 2021, the amount of acetic acid exported from Italy soared to X tons, with an increase of 57% on the year before. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-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 2015 when exports increased by 124%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, acetic acid exports surged to $X in 2021. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Austria (X tons) and Switzerland (X tons) were the main destinations of acetic acid exports from Italy, together accounting for 60% of total exports. These countries were followed by the UK, Brazil, Germany and Montenegro, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and the UK ($X) appeared to be the largest markets for acetic acid exported from Italy worldwide, together comprising 51% of total exports.

Among the main countries of destination, the UK, with a CAGR of +50.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acetic acid export price amounted to $X per ton, increasing by 92% against the previous year. In general, the export price recorded a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Italy

In 2021, after two years of decline, there was significant growth in supplies from abroad of acetic acid, when their volume increased by 19% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, acetic acid imports soared to $X in 2021. In general, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest acetic acid supplier to Italy, with a 38% share of total imports. Moreover, acetic acid imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.3% per year) and the Netherlands (+98.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of acetic acid to Italy, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.8% per year) and the Netherlands (+87.9% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, increasing by 82% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level 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 the United States ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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