Italy: Thiosulphates Market 2024

Thiosulphates Market Size in Italy

In 2021, the Italian thiosulphates market increased by 9.6% to $X, rising for the fourth year in a row after four years of decline. Over the period under review, consumption, however, posted a measured increase. Thiosulphates consumption peaked in 2021 and is likely to see gradual growth in the near future.

Thiosulphates Production in Italy

In value terms, thiosulphates production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Thiosulphates Exports

Exports from Italy

In 2019, shipments abroad of thiosulphates decreased by -14.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 72%. The exports peaked at X tons in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

In value terms, thiosulphates exports expanded slightly to $X in 2019. Overall, total exports indicated a prominent expansion from 2012 to 2019: its value increased at an average annual rate of +7.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -15.5% against 2017 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 46%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2019, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Australia (X tons) and France (X tons) were the main destinations of thiosulphates exports from Italy, with a combined 47% share of total exports. These countries were followed by Belgium, Hungary, Germany, Slovakia, Singapore, Turkey, Poland, Chile, the UK and Lithuania, which together accounted for a further 47%.

From 2012 to 2019, the biggest increases were recorded for Lithuania (with a CAGR of +180.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from Italy were Australia ($X), Spain ($X) and France ($X), together comprising 47% of total exports. Poland, Turkey, Hungary, Singapore, Belgium, Chile, Slovakia, Germany, the UK and Lithuania lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Lithuania, with a CAGR of +132.4%, recorded 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

The average thiosulphates export price stood at $X per ton in 2019, growing by 18% against the previous year. Overall, the export price, however, showed a slight curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.1%), while the prices for the other major destinations experienced a decline.

Thiosulphates Imports

Imports into Italy

After two years of growth, overseas purchases of thiosulphates decreased by -7.9% to X tons in 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, thiosulphates imports contracted modestly to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.4% against 2013 indices. The pace of growth was the most pronounced in 2013 when imports increased by 30%. Imports peaked at $X in 2020, and then dropped slightly in the following year.

Imports by Country

In 2021, Germany (X tons) was the main supplier of thiosulphates to Italy, with a 91% share of total imports. Moreover, thiosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.0% per year) and China (-23.1% per year).

In value terms, Germany ($X) constituted the largest supplier of thiosulphates to Italy, comprising 85% of total imports. The second position in the ranking was held by Belgium ($X), with an 8.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.9% per year) and China (-21.6% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, picking up by 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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