Italy: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Italy

The Italian magnesium hydroxide and peroxide market reduced slightly to $X in 2022, falling by -4.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.4% against 2014 indices. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Italy

For the third year in a row, Italy recorded decline in shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which decreased by -7.7% to X tons in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 66% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports fell dramatically to $X in 2022. In general, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2016 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Luxembourg (X tons), Spain (X tons) and Tunisia (X tons) were the main destinations of magnesium hydroxide and peroxide exports from Italy, together accounting for 47% of total exports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +65.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Belgium ($X) constituted the largest markets for magnesium hydroxide and peroxide exported from Italy worldwide, with a combined 67% share of total exports. Luxembourg, Montenegro, the UK and Tunisia lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +40.6%, 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 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, which is down by -14.2% against the previous year. In general, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Tunisia ($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 Spain (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Italy

Magnesium hydroxide and peroxide imports into Italy declined remarkably to X tons in 2022, with a decrease of -25.3% on 2021. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, magnesium hydroxide and peroxide imports reached $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of magnesium hydroxide and peroxide imports to Italy, together comprising 68% of total imports. Mexico, China, Belgium, Russia and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide suppliers to Italy were Germany ($X), Austria ($X) and the Netherlands ($X), with a combined 78% share of total imports. Mexico, China, Russia, France and Belgium lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Russia, with a CAGR of +35.5%, recorded the highest growth rate of the value of imports, 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 magnesium hydroxide and peroxide import price amounted to $X per ton, picking up by 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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