Italy: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in Italy

The Italian paraformaldehyde market rose sharply to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Paraformaldehyde Exports

Exports from Italy

In 2022, after two years of growth, there was significant decline in overseas shipments of paraformaldehyde, when their volume decreased by X% to X tons. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, paraformaldehyde exports reduced to $X in 2022. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons), Slovenia (X tons) and Canada (X tons) were the main destinations of paraformaldehyde exports from Italy, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) emerged as the key foreign market for paraformaldehyde exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average paraformaldehyde export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a perceptible 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, paraformaldehyde export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Paraformaldehyde Imports

Imports into Italy

In 2022, purchases abroad of paraformaldehyde decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, paraformaldehyde imports dropped slightly to $X in 2022. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of paraformaldehyde imports to Italy, with a combined X% share of total imports. China, Egypt and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paraformaldehyde suppliers to Italy were Spain ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. China, Egypt and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average paraformaldehyde import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price recorded a slight increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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