Italy: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Italy

The Italian sulphides, dithionites and sulphoxylates market rose modestly to $X in 2022, surging by 3.6% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. Sulphides, dithionites and sulphoxylates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Italy

In value terms, sulphides, dithionites and sulphoxylates production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 119%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Italy

In 2022, the amount of sulphides, polysulphides, dithionites and sulphoxylates exported from Italy expanded markedly to X tons, increasing by 13% compared with the previous year. In general, exports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 254% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, sulphides, dithionites and sulphoxylates exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 242%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Italy, with a 69% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+149.4% per year) and China (+61.0% per year).

In value terms, Germany ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from Italy, comprising 40% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Bosnia and Herzegovina, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+71.3% per year) and Bosnia and Herzegovina (+41.6% per year).

Export Prices by Country

In 2022, the average sulphides, dithionites and sulphoxylates export price amounted to $X per ton, growing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2016 an increase of 37%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 India (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Italy

In 2022, supplies from abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 4.7% to X tons, rising for the fourth year in a row after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +50.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2022. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of sulphides, dithionites and sulphoxylates imports to Italy, together comprising 69% of total imports. France, Bosnia and Herzegovina, Austria, South Korea and Spain lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +180.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of sulphides, polysulphides, dithionites and sulphoxylates to Italy, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Austria, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and Austria (+40.5% per year).

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, picking up by 26% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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