Italy: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Italy

In 2021, the Italian industrial monocarboxylic fatty acids market increased by 74% to $X, rising for the sixth year in a row after three years of decline. In general, consumption showed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Monocarboxylic Fatty Acids in Italy

In value terms, industrial monocarboxylic fatty acids production fell markedly to $X in 2021 estimated in export price. In general, production saw a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Italy

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported from Italy; picking up by 10% against 2020. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 49%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Italy, with a combined 66% share of total exports. These countries were followed by Hungary, Spain, Russia, Greece and Austria, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +154.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Italy, comprising 26% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.1% per year) and Hungary (+120.3% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, picking up by 38% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Russia ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Italy

In 2021, purchases abroad of industrial monocarboxylic fatty acids increased by 58% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 70%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to Italy, with a 66% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+24.4% per year) and Spain (+8.9% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Italy, comprising 64% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.9% per year) and Spain (+5.2% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, growing by 42% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :