Report Update Nov 1, 2024

Italy - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Italy: Styrene Market 2024

Styrene Market Size in Italy

After two years of decline, the Italian styrene market increased by 2.1% to $X in 2021. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Styrene consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Styrene Production in Italy

In value terms, styrene production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 19% against the previous year. Styrene production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Styrene Exports

Exports from Italy

In 2021, the amount of styrene exported from Italy contracted modestly to X tons, which is down by -3.8% on the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, styrene exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for styrene exports from Italy, with a 91% share of total exports. Moreover, styrene exports to Hungary exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+203.8% per year) and Slovenia (+10.3% per year).

In value terms, Hungary ($X) remains the key foreign market for styrene exports from Italy, comprising 90% of total exports. The second position in the ranking was held by France ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+200.6% per year) and Slovenia (+9.5% per year).

Export Prices by Country

The average styrene export price stood at $X per ton in 2021, growing by 76% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Hungary ($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 Hungary (-0.5%), while the prices for the other major destinations experienced a decline.

Styrene Imports

Imports into Italy

In 2021, the amount of styrene imported into Italy amounted to X tons, picking up by 4.5% on 2020 figures. Over the period under review, imports, however, showed a slight setback. The growth pace was the most rapid in 2019 when imports increased by 20% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, styrene imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild decrease. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of styrene imports to Italy, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +23.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Spain ($X) and Belgium ($X) appeared to be the largest styrene suppliers to Italy, with a combined 99% share of total imports.

Among the main suppliers, Spain, with a CAGR of +22.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average styrene import price amounted to $X per ton, picking up by 92% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, together comprising 35% of global production.

What are the leading suppliers of styrene to Italy?

In value terms, the Netherlands, Spain and Belgium were the largest styrene suppliers to Italy, with a combined 99% share of total imports.

What are the leading importers of styrene from Italy?

In value terms, Hungary remains the key foreign market for styrene exports from Italy, comprising 90% of total exports. The second position in the ranking was occupied by France, with a 3.9% share of total exports.

What is the average export price for styrene in Italy?

The average styrene export price stood at $1,461 per ton in 2021, jumping by 75% against the previous year.

What is the average import price for styrene in Italy?

The average styrene import price stood at $1,447 per ton in 2021, growing by 91% against the previous year.

This report provides an in-depth analysis of the styrene market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141250 - Styrene

Country coverage:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023