Italy: Other Chemical Products Market 2024

Other Chemical Products Market Size in Italy

The Italian other chemical products market declined modestly to $X in 2022, waning by -1.7% against the previous year. In general, consumption, however, saw a slight slump. Other chemical products consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Other Chemical Products Production in Italy

In value terms, other chemical products production fell markedly to $X in 2022 estimated in export price. Overall, production, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Other Chemical Products Exports

Exports from Italy

In 2016, the amount of other chemical products exported from Italy skyrocketed to X tons, with an increase of 19% on the previous year's figure. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports shrank to $X in 2016. Overall, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 9.2%. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of other chemical products exports from Italy, with a combined 30% share of total exports. Turkey, Poland, the UK, Russia, the Netherlands, Saudi Arabia, Belgium, Switzerland, Romania and Greece lagged somewhat behind, together comprising a further 31%.

From 2012 to 2016, the biggest increases were recorded for Switzerland (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Turkey ($X) constituted the largest markets for other chemical products exported from Italy worldwide, together accounting for 21% of total exports. Spain, Russia, the UK, Poland, the Netherlands, Romania, Saudi Arabia, Belgium, Switzerland and Greece lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +9.0%, 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 other chemical products export price stood at $X per ton in 2016, waning by -16.9% against the previous year. In general, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 1.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.9%), while the prices for the other major destinations experienced a decline.

Other Chemical Products Imports

Imports into Italy

For the third year in a row, Italy recorded growth in purchases abroad of other chemical products, which increased by 37% to X tons in 2016. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports totaled $X in 2016. Overall, imports, however, continue to indicate a pronounced setback. Imports peaked at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

In 2016, Germany (X tons) constituted the largest supplier of other chemical products to Italy, with a 33% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2016, the average annual growth rate of volume from Germany totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.1% per year) and the Netherlands (+17.0% per year).

In value terms, the largest other chemical products suppliers to Italy were Germany ($X), Ireland ($X) and the Netherlands ($X), with a combined 57% share of total imports. France, Belgium, Austria, Spain and China lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, China, with a CAGR of +32.7%, 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

The average other chemical products import price stood at $X per ton in 2016, which is down by -23.6% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3.2% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2016, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Ireland (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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