Italy: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Italy

In 2021, the Italian market for palmitic acid, stearic acid, their salts and esters was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed temperate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Italy

In value terms, production of palmitic acid, stearic acid, their salts and esters soared to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 139%. Production of peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Italy

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported from Italy amounted to X tons, picking up by 7.2% against the previous year. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 7.4%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern 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.

Exports by Country

Germany (X tons), France (X tons) and the United States (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Italy, with a combined 36% share of total exports. Malaysia, Austria, Spain, Mexico, Poland, Turkey, Romania, the Netherlands, the UK and Switzerland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +54.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) appeared to be the largest markets for palmitic acid, stearic acid, their salts and esters exported from Italy worldwide, together comprising 40% of total exports. Spain, Austria, Malaysia, Mexico, Poland, the UK, Turkey, the Netherlands, Switzerland and Romania lagged somewhat behind, together comprising a further 39%.

Mexico, with a CAGR of +53.0%, 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 export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, jumping by 35% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 UK (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Italy

In 2021, imports of palmitic acid, stearic acid, their salts and esters into Italy totaled X tons, growing by 13% on 2020. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Italy, together accounting for 67% of total imports. These countries were followed by Indonesia, Malaysia, Belgium and France, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Italy were Spain ($X), Germany ($X) and the Netherlands ($X), together comprising 63% of total imports. Indonesia, France, Belgium and Malaysia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Indonesia, with a CAGR of +18.2%, recorded the highest growth rate of 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, picking up by 21% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached 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, amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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