Italy: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Italy

The Italian aromatic hydrocarbon mixtures market dropped rapidly to $X in 2022, reducing by -21.7% against the previous year. Overall, consumption recorded a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in Italy

In value terms, aromatic hydrocarbon mixtures production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34% against the previous year. Aromatic hydrocarbon mixtures production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Italy

Aromatic hydrocarbon mixtures exports from Italy surged to X tons in 2022, increasing by 24% on the previous year's figure. Over the period under review, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 82%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. In general, exports, however, showed a slight contraction. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Italy, accounting for a 55% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.0% per year) and Spain (+55.7% per year).

In value terms, Belgium ($X), the Netherlands ($X) and Spain ($X) were the largest markets for aromatic hydrocarbon mixtures exported from Italy worldwide, together accounting for 92% of total exports. The United States and Gibraltar lagged somewhat behind, together comprising a further 4.5%.

Gibraltar, with a CAGR of +236.6%, recorded the highest growth rate of the value of exports, in terms of 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 aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($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 Gibraltar (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Italy

In 2022, aromatic hydrocarbon mixtures imports into Italy shrank to X tons, with a decrease of -10.3% against 2021 figures. Over the period under review, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports soared to $X in 2022. In general, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 97%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Israel (X tons), France (X tons) and Spain (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Italy, with a combined 65% share of total imports. Germany, the Netherlands, Belgium, India and the Czech Republic lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +96.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic hydrocarbon mixtures suppliers to Italy were Israel ($X), Spain ($X) and France ($X), together accounting for 62% of total imports. Germany, the Netherlands, Belgium, India and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

India, with a CAGR of +71.5%, recorded the highest rates of growth with regard to 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 aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, picking up by 30% 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 +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures import price increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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