Italy: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Italy

In 2021, the Italian industrial stearic acid market increased by 40% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Industrial stearic acid consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Industrial Stearic Acid Production in Italy

In value terms, industrial stearic acid production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a mild contraction. Industrial stearic acid production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from Italy

In 2021, the amount of industrial stearic acid exported from Italy skyrocketed to X tons, with an increase of 77% on 2020. Overall, exports, however, continue to indicate a slight curtailment. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, industrial stearic acid exports surged to $X in 2021. Over the period under review, exports, however, recorded a pronounced shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for industrial stearic acid exports from Italy, accounting for a 41% share of total exports. Moreover, industrial stearic acid exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. France (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+90.0% per year) and France (+5.5% per year).

In value terms, Germany ($X) remains the key foreign market for industrial stearic acid exports from Italy, comprising 24% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 10% share of total exports. It was followed by Turkey, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+81.4% per year) and Turkey (+1.1% per year).

Export Prices by Country

In 2021, the average industrial stearic acid export price amounted to $X per ton, with an increase of 18% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($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 Romania (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into Italy

In 2021, approx. X tons of industrial stearic acid were imported into Italy; picking up by 18% on 2020. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 39%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, industrial stearic acid imports skyrocketed to $X in 2021. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest industrial stearic acid supplier to Italy, with a 60% share of total imports. Moreover, industrial stearic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and Malaysia (-7.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial stearic acid to Italy, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by Malaysia, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Malaysia (-3.9% per year).

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, increasing by 47% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial stearic acid import price increased by +73.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Spain ($X per ton) and Malaysia ($X per ton), while the price for Indonesia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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