Italy: Biodiesel Market 2024

Biodiesel Market Size in Italy

The Italian biodiesel market surged to $X in 2021, with an increase of 22% against the previous year. Overall, consumption, however, posted a tangible expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Biodiesel Production in Italy

In value terms, biodiesel production expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decrease. The growth pace was the most rapid in 2013 when the production volume increased by 13% against the previous year. Biodiesel production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Biodiesel Exports

Exports from Italy

In 2021, biodiesel exports from Italy surged to X tons, picking up by 43% against the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 264%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, biodiesel exports skyrocketed to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 222%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of biodiesel exports from Italy, with a combined 78% share of total exports. Sweden, Portugal, France, the United States and Bulgaria lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +358.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for biodiesel exported from Italy were Spain ($X), Belgium ($X) and the Netherlands ($X), together comprising 75% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +322.2%, saw 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 biodiesel export price amounted to $X per ton, jumping by 19% against the previous year. In general, the export price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Bulgaria ($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 Portugal (+33.5%), while the prices for the other major destinations experienced mixed trend patterns.

Biodiesel Imports

Imports into Italy

In 2021, supplies from abroad of biodiesel increased by 19% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, biodiesel imports skyrocketed to $X in 2021. Overall, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 60%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of biodiesel to Italy, with a 50% share of total imports. Moreover, biodiesel imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Bulgaria (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.5% per year) and Bulgaria (+177.0% per year).

In value terms, Spain ($X) constituted the largest supplier of biodiesel to Italy, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Bulgaria, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.7% per year) and Bulgaria (+202.9% per year).

Import Prices by Country

In 2021, the average biodiesel import price amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel import price increased by +60.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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