Italy: Polyurethanes Market 2024

Polyurethanes Market Size in Italy

The Italian polyurethanes market skyrocketed to $X in 2021, increasing by 44% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Polyurethanes Production in Italy

In value terms, polyurethanes production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Polyurethanes Exports

Exports from Italy

In 2021, shipments abroad of polyurethanes in primary forms was finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyurethanes exports soared to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Germany (X tons) and Spain (X tons) were the main destinations of polyurethanes exports from Italy, together comprising 22% of total exports. These countries were followed by China, India, Russia, France, Brazil, the United States, Poland, Romania, Egypt and Saudi Arabia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyurethanes exported from Italy were Germany ($X), Turkey ($X) and China ($X), with a combined 23% share of total exports. These countries were followed by Spain, Russia, France, the United States, India, Poland, Brazil, Romania, Egypt and Saudi Arabia, which together accounted for a further 32%.

In terms of the main countries of destination, the United States, with a CAGR of +10.8%, 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 polyurethanes export price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the export price saw a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 Poland (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Italy

In 2021, supplies from abroad of polyurethanes in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyurethanes supplier to Italy, accounting for a 46% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and Belgium (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to Italy, comprising 51% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.1% per year) and the Netherlands (+10.1% per year).

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, surging by 17% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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