Italy: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Italy

In 2021, the Italian cyclic hydrocarbons market increased by 8% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a pronounced slump. Cyclic hydrocarbons consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Italy

In value terms, cyclic hydrocarbons production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 when the production volume increased by 66%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Italy

In 2021, shipments abroad of other cyclic hydrocarbons decreased by -13.8% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 80% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports soared to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 218%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of cyclic hydrocarbons exports from Italy, together comprising 92% of total exports. Austria, France and the United States lagged somewhat behind, together accounting for a further 5.3%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +119.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclic hydrocarbons exported from Italy were Germany ($X), the UK ($X) and Austria ($X), with a combined 81% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +126.9%, saw 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 cyclic hydrocarbons export price stood at $X per ton in 2021, rising by 109% against the previous year. Overall, the export price saw a slight increase. The most prominent rate of growth was recorded in 2016 an increase of 193%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to the UK ($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 Germany (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Italy

In 2021, the amount of other cyclic hydrocarbons imported into Italy surged to X tons, with an increase of 29% on the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 96% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports soared to $X in 2021. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 76%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main suppliers of cyclic hydrocarbons imports to Italy, with a combined 57% share of total imports. These countries were followed by the Czech Republic, India, Belgium, the United States, the Netherlands, France and the UK, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic hydrocarbons suppliers to Italy were China ($X), India ($X) and Germany ($X), together accounting for 71% of total imports.

Among the main suppliers, India, with a CAGR of +22.9%, 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 cyclic hydrocarbons import price stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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