Italy: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Italy

In 2021, the Italian tall oil fatty acids market increased by 29% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports from Italy

In 2021, the amount of industrial tall oil fatty acids exported from Italy dropped remarkably to X tons, with a decrease of -33% compared with the year before. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 782% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, tall oil fatty acids exports dropped significantly to $X in 2021. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 230% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for tall oil fatty acids exports from Italy, with a 46% share of total exports. Moreover, tall oil fatty acids exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+40.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, Germany ($X), Egypt ($X) and the United Arab Emirates ($X) were the largest markets for tall oil fatty acids exported from Italy worldwide, with a combined 72% share of total exports.

Egypt, with a CAGR of +69.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, picking up by 9.6% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Germany ($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 Egypt (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Italy

In 2021, supplies from abroad of industrial tall oil fatty acids increased by 4.6% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 24%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tall oil fatty acids imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Finland (X tons) and Belgium (X tons) were the main suppliers of tall oil fatty acids imports to Italy, together accounting for 60% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tall oil fatty acids suppliers to Italy were Finland ($X), France ($X) and the Netherlands ($X), with a combined 58% share of total imports.

France, with a CAGR of +18.4%, recorded the highest growth rate of 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

The average tall oil fatty acids import price stood at $X per ton in 2021, rising by 29% against the previous year. In general, the import price, however, recorded a mild shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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