Italy: Phenols Market 2024

Phenols Market Size in Italy

The Italian phenols market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a perceptible decrease. Phenols consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Phenols Production in Italy

In value terms, phenols production contracted to $X in 2022 estimated in export price. In general, production showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Phenols Exports

Exports from Italy

In 2022, the amount of phenols exported from Italy was estimated at X tons, increasing by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, phenols exports soared to $X in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for phenols exports from Italy, accounting for a X% share of total exports. Moreover, phenols exports to Slovenia exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for phenols exported from Italy were Denmark ($X), Slovenia ($X) and the Netherlands ($X), with a combined X% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of X%, 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 phenols export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Denmark ($X per ton), while the average price for exports to China ($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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Italy

In 2022, the amount of phenols imported into Italy contracted to X tons, waning by X% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, phenols imports expanded remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of phenols to Italy, accounting for a X% share of total imports. Moreover, phenols imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest phenols suppliers to Italy, together accounting for X% of total imports. The Netherlands, the United States, South Korea, Singapore and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Singapore, with a CAGR of X%, 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 phenols import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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