Italy: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Italy

In 2021, the Italian market for inorganic oxygen compounds of non-metals decreased by -64.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Italy

In value terms, inorganic oxygen compounds of non-metals production dropped notably to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 399% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Italy

In 2019, overseas shipments of inorganic oxygen compounds of non-metals were finally on the rise to reach X tons after two years of decline. In general, total exports indicated a buoyant expansion from 2012 to 2019: its volume increased at an average annual rate of +7.4% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2019. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Serbia (X tons) and the Netherlands (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from Italy, together accounting for 45% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +199.5%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Spain ($X) appeared to be the largest markets for inorganic oxygen compounds of non-metals exported from Italy worldwide, together comprising 46% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +206.4%, recorded the highest growth rate of 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 export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2019, with an increase of 19% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Italy

Inorganic oxygen compounds of non-metals imports into Italy skyrocketed to X tons in 2019, increasing by 20% against 2018 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 48%. As a result, imports reached the peak of X tons. From 2018 to 2019, the growth of imports remained at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports rose sharply to $X in 2019. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 57% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth of imports failed to regain momentum.

Imports by Country

In 2019, France (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Italy, with a 81% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Hungary (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2019, the average annual growth rate of volume from France stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.6% per year) and Hungary (+14.3% per year).

In value terms, France ($X) constituted the largest supplier of inorganic oxygen compounds of non-metals to Italy, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.3% share of total imports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2019, the average annual growth rate of value from France stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Hungary (+40.0% per year).

Import Prices by Country

In 2019, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, dropping by -10.1% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2019: its price increased at an average annual rate of +1.2% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, inorganic oxygen compounds of non-metals import price increased by +50.2% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 57%. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Bulgaria (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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