Italy: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Italy

In 2022, the Italian salts of acetic acid market increased by 21% to $X, rising for the second consecutive year after four years of decline. Overall, consumption saw a relatively flat trend pattern. Salts of acetic acid consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Salts Of Acetic Acid

Exports from Italy

In 2022, shipments abroad of salts of acetic acid increased by 14% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, salts of acetic acid exports soared to $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for salts of acetic acid exports from Italy, accounting for a 37% share of total exports. Moreover, salts of acetic acid exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.5% per year) and Germany (-10.7% per year).

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the largest markets for salts of acetic acid exported from Italy worldwide, with a combined 57% share of total exports. The United States, Switzerland, Slovenia, Sweden, Portugal, Peru, Russia, Egypt and Romania lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, the United States, with a CAGR of +52.4%, saw 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

In 2022, the average salts of acetic acid export price amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Russia ($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 Peru (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Italy

Salts of acetic acid imports into Italy expanded to X tons in 2022, increasing by 2.6% compared with the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, salts of acetic acid imports soared to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Slovenia (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of salts of acetic acid imports to Italy, together comprising 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of salts of acetic acid to Italy, comprising 29% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports. It was followed by Slovenia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.3% per year) and Slovenia (+18.9% per year).

Import Prices by Country

The average salts of acetic acid import price stood at $X per ton in 2022, picking up by 25% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid import price increased by +89.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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