Italy: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Italy

The Italian market for compounds with other nitrogen function (excluding isocyanates) rose rapidly to $X in 2022, growing by 10% against the previous year. Overall, consumption continues to indicate a slight descent. Compounds with other nitrogen function consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Italy

In value terms, compounds with other nitrogen function production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61% against the previous year. Compounds with other nitrogen function production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Italy

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -22.8% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 55% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports declined markedly to $X in 2022. In general, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Spain (X tons) and Denmark (X tons) were the main destinations of compounds with other nitrogen function exports from Italy, with a combined 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +130.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Italy, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Spain, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled +147.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+20.3% per year) and Spain (+16.6% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, declining by -8.8% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function export price increased by +101.2% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 73%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Spain ($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 Germany (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Italy

After four years of growth, overseas purchases of compounds with other nitrogen function (excluding isocyanates) decreased by -11.2% to X tons in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, compounds with other nitrogen function imports declined significantly to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of compounds with other nitrogen function imports to Italy, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +68.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compounds with other nitrogen function suppliers to Italy were the United States ($X), Spain ($X) and Germany ($X), together comprising 69% of total imports.

The United States, with a CAGR of +62.4%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, with a decrease of -10% against the previous year. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 50%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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