Italy: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Italy

In 2021, the Italian expansible polystyrene market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Production in Italy

In value terms, expansible polystyrene production surged to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible slump. Expansible polystyrene production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Expansible Polystyrene Exports

Exports from Italy

In 2021, overseas shipments of expansible polystyrene in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 46%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, expansible polystyrene exports skyrocketed to $X in 2021. Overall, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of expansible polystyrene exports from Italy, with a combined 52% share of total exports. These countries were followed by France, Hungary, Slovakia, Belgium, the UK, the Czech Republic, Austria, Turkey and Sweden, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from Italy were Poland ($X), Spain ($X) and the Netherlands ($X), with a combined 49% share of total exports. These countries were followed by France, Hungary, Slovakia, the UK, Belgium, the Czech Republic, Austria, Turkey and Sweden, which together accounted for a further 42%.

Among the main countries of destination, the Czech Republic, with a CAGR of +39.5%, 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 expansible polystyrene export price amounted to $X per ton, with an increase of 81% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($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 the Netherlands (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Italy

For the fifth consecutive year, Italy recorded growth in overseas purchases of expansible polystyrene in primary forms, which increased by 34% to X tons in 2021. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.0% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports soared to $X in 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest expansible polystyrene supplier to Italy, with a 33% share of total imports. Moreover, expansible polystyrene imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Austria (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.1% per year) and Austria (+7.2% per year).

In value terms, Germany ($X) constituted the largest supplier of expansible polystyrene in primary forms to Italy, comprising 33% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Austria, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.0% per year) and Austria (+7.9% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, picking up by 73% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 highest price was recorded for prices from Turkey ($X per ton) and Austria ($X per ton), while the price for the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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