Italy: Monophenols Market 2024

Monophenols Market Size in Italy

In 2021, after three years of decline, there was significant growth in the Italian monophenols market, when its value increased by 20% to $X. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Monophenols Production in Italy

In value terms, monophenols production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Monophenols Exports

Exports from Italy

For the third consecutive year, Italy recorded decline in overseas shipments of monophenols, which decreased by -8.3% to X tons in 2021. Over the period under review, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.8% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 28%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, monophenols exports surged to $X in 2021. Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for monophenols exports from Italy, accounting for a 57% share of total exports. Moreover, monophenols exports to Slovenia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+74.8% per year) and Austria (-8.6% per year).

In value terms, Slovenia ($X) remains the key foreign market for monophenols exports from Italy, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+70.1% per year) and Denmark (+236.3% per year).

Export Prices by Country

The average monophenols export price stood at $X per ton in 2021, picking up by 50% against the previous year. Overall, the export price, however, recorded a mild curtailment. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the average price for exports to Singapore ($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 the United States (+0.3%), while the prices for the other major destinations experienced a decline.

Monophenols Imports

Imports into Italy

After three years of decline, purchases abroad of monophenols increased by 23% to X tons in 2021. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, monophenols imports surged to $X in 2021. In general, imports, however, recorded a noticeable contraction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest monophenols supplier to Italy, with a 59% share of total imports. Moreover, monophenols imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and the United States (-3.6% per year).

In value terms, France ($X) constituted the largest supplier of monophenols to Italy, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.8% per year) and the Netherlands (+10.1% per year).

Import Prices by Country

In 2021, the average monophenols import price amounted to $X per ton, surging by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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