Italy: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Italy

The Italian polyethylene glycol and polyether market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Italy

In value terms, polyethylene glycol and polyether production shrank remarkably to $X in 2021 estimated in export price. In general, production showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume decreased by -8.9%. Polyethylene glycol and polyether production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Italy

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Spain (X tons) and Germany (X tons) were the main destinations of polyethylene glycol and polyether exports from Italy, with a combined 36% share of total exports. These countries were followed by France, Turkey, Poland, Israel, the Netherlands, Romania, Singapore, Austria, Bosnia and Herzegovina and Serbia, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +59.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and France ($X) constituted the largest markets for polyethylene glycol and polyether exported from Italy worldwide, together accounting for 33% of total exports. These countries were followed by Spain, Turkey, Singapore, Poland, the Netherlands, Israel, Romania, Bosnia and Herzegovina, Austria and Serbia, which together accounted for a further 22%.

Bosnia and Herzegovina, with a CAGR of +62.5%, recorded the highest rates of growth with regard to the value of exports, among 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 polyethylene glycol and polyether export price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. 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 Germany ($X per ton), while the average price for exports to Israel ($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 Spain (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Italy

In 2021, supplies from abroad of polyethylene glycols and polyethers in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of polyethylene glycol and polyether imports to Italy, with a combined 66% share of total imports. Spain, France, China, Poland and Romania lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Italy were the Netherlands ($X), Belgium ($X) and Germany ($X), together accounting for 65% of total imports. These countries were followed by Spain, France, China, Poland and Romania, which together accounted for a further 27%.

Among the main suppliers, China, with a CAGR of +62.4%, saw 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

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, surging by 51% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the price for Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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