Italy: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Italy

In 2021, the Italian amine-function compounds market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Amine-Function Compounds Production in Italy

In value terms, amine-function compounds production soared to $X in 2021 estimated in export price. In general, production enjoyed a buoyant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Amine-Function Compounds Exports

Exports from Italy

In 2021, shipments abroad of amine-function compounds increased by 6.4% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of 19%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, amine-function compounds exports expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Germany (X tons) and the United States (X tons) were the main destinations of amine-function compounds exports from Italy, together comprising 51% of total exports. Spain, Canada, Belgium, France, Poland, the UK, Turkey, Switzerland, Romania and Austria lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from Italy were Australia ($X), Belgium ($X) and the United States ($X), with a combined 38% share of total exports.

Belgium, with a CAGR of +46.8%, 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

The average amine-function compounds export price stood at $X per ton in 2021, increasing by 3.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Austria (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Italy

In 2021, supplies from abroad of amine-function compounds was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Overall, imports, however, showed a mild setback. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of amine-function compounds to Italy, accounting for a 39% share of total imports. Moreover, amine-function compounds imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.7% per year) and China (+1.1% per year).

In value terms, the largest amine-function compounds suppliers to Italy were Germany ($X), the Netherlands ($X) and China ($X), together comprising 66% of total imports.

China, with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, picking up by 4.8% against the previous year. In general, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2015 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :