Italy - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in Italy - 2023
Contents:
- Benzene Price in Italy (CIF) - 2022
- Benzene Price in Italy (FOB) - 2022
- Benzene Imports in Italy
- Benzene Exports in Italy
Benzene Price in Italy (CIF) - 2022
The average benzene import price stood at $1,202 per ton in 2022, surging by 21% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 66% against the previous year. The import price peaked at $1,307 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Oman ($1,881 per ton), while the price for Ukraine ($982 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzene Price in Italy (FOB) - 2022
The average benzene export price stood at $2,045 per ton in 2022, growing by 115% against the previous year. In general, the export price, however, showed a abrupt decline. The export price peaked at $8,235 per ton in 2012; however, from 2013 to 2022, 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 Portugal ($3,427 per ton), while the average price for exports to the Netherlands ($1,034 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 (+252.2%), while the prices for the other major destinations experienced mixed trend patterns.
Benzene Imports in Italy
In 2022, after two years of decline, there was significant growth in overseas purchases of benzene, when their volume increased by 24% to 250K tons. Over the period under review, imports, however, recorded a pronounced downturn.
In value terms, benzene imports surged to $300M in 2022. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Benzene in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 74.9 | 49.9 | 81.5 | 91.1 | 6.7% |
Israel | 38.8 | 31.3 | 35.4 | 59.1 | 15.1% |
Netherlands | 13.1 | 12.5 | 5.7 | 56.8 | 63.1% |
Algeria | 5.2 | 3.3 | N/A | 36.1 | 90.8% |
Romania | N/A | 5.2 | 10.6 | 17.8 | 85.0% |
Oman | N/A | N/A | N/A | 9.9 | 0% |
Hungary | 12.0 | 5.6 | 20.4 | 9.0 | -9.1% |
Ukraine | 30.8 | 16.6 | 25.6 | 7.2 | -38.4% |
Saudi Arabia | N/A | N/A | N/A | 5.4 | 0% |
Serbia | 5.8 | 2.1 | 5.7 | 1.8 | -32.3% |
Others | 5.1 | 14.3 | 15.0 | 5.8 | 4.4% |
Total | 186 | 141 | 200 | 300 | 17.3% |
Top Suppliers of Benzene to Italy in 2022:
- Turkey (74.9K tons)
- Israel (49.9K tons)
- Netherlands (41.5K tons)
- Algeria (31.4K tons)
- Romania (17.1K tons)
- Hungary (7.9K tons)
- Ukraine (7.4K tons)
- Oman (5.3K tons)
- Saudi Arabia (5.1K tons)
- Serbia (2.0K tons)
Benzene Exports in Italy
In 2022, benzene exports from Italy declined dramatically to 13K tons, with a decrease of -53.1% compared with the previous year's figure. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 114%.
In value terms, benzene exports stood at $27M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 172%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Benzene in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | N/A | N/A | 4.8 | 18.0 | 275.0% |
Spain | 10.2 | 2.3 | N/A | 6.5 | -13.9% |
Netherlands | 10.3 | 5.2 | 12.0 | 2.6 | -36.8% |
United Kingdom | N/A | 2.4 | 4.9 | N/A | 104.2% |
France | 6.5 | N/A | 5.2 | N/A | -10.6% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 27.0 | 9.9 | 26.9 | 27.1 | 0.1% |
Top Export Markets for Benzene from Italy in 2022:
- Spain (5.5K tons)
- Portugal (5.3K tons)
- Netherlands (2.5K tons)
This report provides an in-depth analysis of the benzene 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 20141223 - Benzene
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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