Italy: Ureines Market 2024

Ureines Market Size in Italy

The Italian ureines market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ureines Production in Italy

In value terms, ureines production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X,500% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ureines Exports

Exports from Italy

In 2022, overseas shipments of ureines and their derivatives and salts thereof decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ureines exports plummeted to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for ureines exports from Italy, with a X% share of total exports. Moreover, ureines exports to Sweden exceeded the volume sent to the second major destination, Egypt (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Turkey (X% per year).

In value terms, Sweden ($X) remains the key foreign market for ureines and their derivatives and salts thereof exports from Italy, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Egypt (X% per year).

Export Prices by Country

The average ureines export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 the United States ($X per ton), while the average price for exports to Turkey ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ureines Imports

Imports into Italy

In 2022, supplies from abroad of ureines and their derivatives and salts thereof decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ureines imports dropped to $X in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of ureines imports to Italy, together comprising X% of total imports. Switzerland, China, the Czech Republic and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest ureines suppliers to Italy were Switzerland ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ureines import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ureines import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform

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