Italy: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Italy

In 2022, the Italian polyphenols and phenol-alcohols market decreased by -18.3% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a buoyant increase. Polyphenols and phenol-alcohols consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Polyphenols And Phenol-Alcohols Production in Italy

In value terms, polyphenols and phenol-alcohols production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Italy

In 2022, polyphenols and phenol-alcohols exports from Italy was estimated at X tons, with an increase of 7.7% on the previous year's figure. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 39% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports contracted significantly to $X in 2022. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polyphenols and phenol-alcohols exports from Italy, with a 72% share of total exports. Moreover, polyphenols and phenol-alcohols exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-8.5% per year) and Germany (+6.5% per year).

In value terms, China ($X) remains the key foreign market for polyphenols and phenol-alcohols exports from Italy, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.1% per year) and India (-12.0% per year).

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, waning by -24.4% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the United States (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Polyphenols And Phenol-Alcohols Imports

Imports into Italy

Polyphenols and phenol-alcohols imports into Italy shrank remarkably to X tons in 2022, which is down by -20.6% on the year before. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 14%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports fell dramatically to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest polyphenols and phenol-alcohols supplier to Italy, accounting for a 41% share of total imports. Moreover, polyphenols and phenol-alcohols imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.6% per year) and India (+2.7% per year).

In value terms, Belgium ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Italy, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.1% per year) and Germany (-3.9% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, with an increase of 4.7% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +76.2% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 29%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :