Italy: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Italy

In 2021, the Italian market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a abrupt decline. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Italy

In value terms, phthalic anhydride and terephthalic acid production rose modestly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 56%. Phthalic anhydride and terephthalic acid production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Italy

For the third consecutive year, Italy recorded decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, which decreased by -3.4% to X tons in 2021. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 43% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports skyrocketed to $X in 2021. Overall, exports showed a perceptible shrinkage. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and France (X tons) were the main destinations of phthalic anhydride and terephthalic acid exports from Italy, with a combined 59% share of total exports. The UK, Germany, Norway, Poland, Tunisia, Egypt and Canada lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +201.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phthalic anhydride and terephthalic acid exported from Italy were Spain ($X), the United States ($X) and France ($X), with a combined 58% share of total exports. The UK, Germany, Norway, Poland, Tunisia, Egypt and Canada lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Norway, with a CAGR of +205.4%, recorded the highest rates of growth with regard to 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 export price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, growing by 24% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and the UK ($X per ton), while the average price for exports to the United States ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Italy

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts imported into Italy surged to X tons, jumping by 21% compared with the previous year. In general, imports, however, saw a perceptible slump. The growth pace was the most rapid in 2019 when imports increased by 38%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Italy, with a combined 72% share of total imports. South Korea, Portugal, Austria and the Netherlands lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +137.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Mexico ($X) constituted the largest phthalic anhydride and terephthalic acid suppliers to Italy, together accounting for 67% of total imports. South Korea, Austria, the Netherlands and Portugal lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, the Netherlands, with a CAGR of +122.5%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, picking up by 26% against the previous year. Overall, the import price, however, saw a deep contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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