Italy: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Italy

The Italian reaction initiators and accelerators market soared to $X in 2022, with an increase of 22% against the previous year. In general, consumption posted a resilient expansion. Reaction initiators and accelerators consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Italy

In value terms, reaction initiators and accelerators production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Italy

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -11.7% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, reaction initiators and accelerators exports stood at $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons), Germany (X tons) and Colombia (X tons) were the main destinations of reaction initiators and accelerators exports from Italy, together accounting for 26% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +76.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Italy, comprising 23% of total exports. The second position in the ranking was held by the United States ($X), with an 8% share of total exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.9% per year) and Germany (+4.5% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Colombia ($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 China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Italy

In 2022, reaction initiators and accelerators imports into Italy surged to X tons, jumping by 31% against the previous year. In general, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports declined to $X in 2022. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to Italy, with a 75% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.6% per year) and the United States (-0.3% per year).

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Italy, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with an 8% share of total imports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and France (+10.8% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, dropping by -24% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price decreased by -36.9% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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