Italy: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Italy

In 2021, the Italian complex fluorine salts market increased by 6.1% to $X, rising for the fifth year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Complex fluorine salts consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Complex Fluorine Salts Production in Italy

In value terms, complex fluorine salts production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a mild descent. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Complex Fluorine Salts Exports

Exports from Italy

For the third consecutive year, Italy recorded growth in overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, which increased by 33% to X tons in 2021. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 47% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, complex fluorine salts exports fell rapidly to $X in 2021. In general, exports, however, showed a mild descent. The pace of growth appeared the most rapid in 2016 when exports increased by 45%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Germany (X tons) and Ukraine (X tons) were the main destinations of complex fluorine salts exports from Italy, together accounting for 31% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +183.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for complex fluorine salts exported from Italy were Spain ($X), Croatia ($X) and Germany ($X), with a combined 38% share of total exports.

Among the main countries of destination, Croatia, with a CAGR of +98.3%, recorded 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

The average complex fluorine salts export price stood at $X per ton in 2021, which is down by -40.1% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Israel ($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 United Arab Emirates (-10.0%), while the prices for the other major destinations experienced a decline.

Complex Fluorine Salts Imports

Imports into Italy

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts imported into Italy skyrocketed to X tons, with an increase of 134% against 2020 figures. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports surged to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of complex fluorine salts to Italy, accounting for a 47% share of total imports. Moreover, complex fluorine salts imports from Greece exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece totaled +158.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and France (+41.2% per year).

In value terms, the largest complex fluorine salts suppliers to Italy were Germany ($X), China ($X) and Spain ($X), with a combined 51% share of total imports. These countries were followed by France, Greece, India, Belgium, the Netherlands, Hungary and the UK, which together accounted for a further 45%.

India, with a CAGR of +30.1%, saw the highest rates of growth with regard to 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 complex fluorine salts import price amounted to $X per ton, which is down by -40.3% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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