Italy: Isocyanates Market 2024

Isocyanates Market Size in Italy

The Italian isocyanates market fell to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Isocyanates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Isocyanates Production in Italy

In value terms, isocyanates production rose rapidly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Isocyanates production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Isocyanates Exports

Exports from Italy

In 2022, overseas shipments of isocyanates decreased by X% to X tons, falling for the seventh year in a row after four years of growth. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, isocyanates exports fell slightly to $X in 2022. In general, exports saw a slight slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main destinations of isocyanates exports from Italy, together accounting for X% of total exports. France, the United States, Norway, Spain, the Czech Republic, Russia, Romania, India, Egypt and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) remains the key foreign market for isocyanates exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average isocyanates export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

Isocyanates Imports

Imports into Italy

In 2022, the amount of isocyanates imported into Italy reduced to X tons, with a decrease of X% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, isocyanates imports contracted to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Hungary (X tons) and the Netherlands (X tons) were the main suppliers of isocyanates imports to Italy, with a combined X% share of total imports. Germany, China, South Korea and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest isocyanates suppliers to Italy were Belgium ($X), Hungary ($X) and Germany ($X), with a combined X% share of total imports. The Netherlands, China, South Korea and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average isocyanates import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isocyanates import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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