Italy: Resinoids Market 2024

Resinoids Market Size in Italy

In 2022, the Italian resinoids market increased by 0.2% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a abrupt setback. Resinoids consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Resinoids Production in Italy

In value terms, resinoids production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Resinoids production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Resinoids Exports

Exports from Italy

In 2022, after three years of growth, there was significant decline in shipments abroad of resinoids, when their volume decreased by -6.8% to X tons. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 130%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, resinoids exports shrank to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 283% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

France (X tons) was the main destination for resinoids exports from Italy, accounting for a 57% share of total exports. Moreover, resinoids exports to France exceeded the volume sent to the second major destination, Canada (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+74.7% per year) and the United States (+36.1% per year).

In value terms, France ($X) remains the key foreign market for resinoids exports from Italy, comprising 85% of total exports. The second position in the ranking was held by the United States ($X), with a 9.1% share of total exports. It was followed by Germany, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+42.0% per year) and Germany (+33.3% per year).

Export Prices by Country

In 2022, the average resinoids export price amounted to $X per ton, which is down by -8% against the previous year. In general, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 an increase of 67%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Montenegro ($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 Netherlands (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into Italy

In 2022, purchases abroad of resinoids decreased by -3.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 92% against the previous year. Imports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, resinoids imports expanded markedly to $X in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest resinoids supplier to Italy, with a 88% share of total imports. Moreover, resinoids imports from France exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from France totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+86.7% per year) and Germany (-25.4% per year).

In value terms, France ($X) constituted the largest supplier of resinoids to Italy, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France amounted to +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+95.5% per year) and Germany (-20.3% per year).

Import Prices by Country

In 2022, the average resinoids import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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