Italy: Activated Carbon Market 2024

Activated Carbon Market Size in Italy

The Italian activated carbon market declined to $X in 2022, with a decrease of -6.3% against the previous year. In general, consumption showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Activated Carbon Production in Italy

In value terms, activated carbon production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production faced a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 259%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Activated Carbon Exports

Exports from Italy

After two years of growth, shipments abroad of activated carbon decreased by -15.6% to X tons in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2013 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, activated carbon exports fell to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of activated carbon exports from Italy, together accounting for 38% of total exports. France, Switzerland, Greece, Portugal, Romania, Belgium, Slovenia, Poland, Hungary and Sweden lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest markets for activated carbon exported from Italy worldwide, with a combined 38% share of total exports.

The Netherlands, with a CAGR of +42.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average activated carbon export price amounted to $X per ton, surging by 15% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon export price increased by +63.6% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the Netherlands ($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 Portugal (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Activated Carbon Imports

Imports into Italy

In 2022, supplies from abroad of activated carbon increased by 8.8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of 18%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, activated carbon imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest activated carbon supplier to Italy, with a 42% share of total imports. Moreover, activated carbon imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and Belgium (+25.2% per year).

In value terms, China ($X) constituted the largest supplier of activated carbon to Italy, comprising 44% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by India, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.8% per year) and India (+16.6% per year).

Import Prices by Country

In 2022, the average activated carbon import price amounted to $X per ton, jumping by 17% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, activated carbon import price increased by +72.0% against 2016 indices. 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 ($X per ton), while the price for Germany ($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 United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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