Italy: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Italy

The Italian acrylic acid esters market amounted to $X in 2022, with an increase of 4% against the previous year. In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Acrylic Acid Esters Production in Italy

In value terms, acrylic acid esters production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous decline. The growth pace was the most rapid in 2020 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Acrylic Acid Esters Exports

Exports from Italy

Acrylic acid esters exports from Italy soared to X tons in 2022, surging by 59% against 2021. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 320% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, acrylic acid esters exports soared to $X in 2022. Overall, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 1,018%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main destinations of acrylic acid esters exports from Italy, together comprising 60% of total exports. Belgium, Spain, the Netherlands, Poland and the United States lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +83.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for esters of acrylic acid exports from Italy, comprising 35% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Germany, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+13.0% per year) and Germany (-15.1% per year).

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, falling by -20.6% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 276% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Italy

In 2022, the amount of esters of acrylic acid imported into Italy shrank modestly to X tons, leveling off at 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, acrylic acid esters imports expanded notably to $X in 2022. In general, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest acrylic acid esters supplier to Italy, accounting for a 40% share of total imports. Moreover, acrylic acid esters imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.0% per year) and Belgium (+0.6% per year).

In value terms, Germany ($X) constituted the largest supplier of esters of acrylic acid to Italy, comprising 40% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Belgium, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.9% per year) and Belgium (+2.1% per year).

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, increasing by 7.8% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +88.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 75% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 the Netherlands ($X per ton), while the price for Slovenia ($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 Czech Republic (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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