Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (FOB) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (CIF) - 2022
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (FOB) - 2024
In September 2023, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,762 per ton, increasing by 4% against the previous month. Over the period from January 2023 to September 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices hit record highs at $1,765 per ton in May 2023; afterwards, it flattened through to September 2023.
Average prices varied noticeably for the major overseas markets. In September 2023, the highest price was recorded for prices to Norway ($1,773 per ton) and the UK ($1,760 per ton), while the average price for exports to Canada ($1,612 per ton) and the United States ($1,647 per ton) were amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (CIF) - 2022
In 2022, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,745 per ton, rising by 40% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lithuania ($1,844 per ton) and Austria ($1,834 per ton), while the price for Germany ($1,328 per ton) and South Korea ($1,525 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy
For the third consecutive year, Italy recorded decline in shipments abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides, which decreased by -4.1% to 34K tons in 2022. In general, exports continue to indicate a abrupt descent. The smallest decline of -3.4% was in 2021.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $56M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.1 | 11.6 | 7.9 | 11.3 | -4.8% |
| Spain | 14.6 | 8.5 | 8.7 | 9.4 | -13.7% |
| France | 8.0 | 5.2 | 6.7 | 9.1 | 4.4% |
| United Kingdom | 1.2 | 1.1 | 5.3 | 7.5 | 84.2% |
| Germany | 4.1 | 2.0 | 4.1 | 5.8 | 12.3% |
| Norway | 0.7 | 0.2 | 2.2 | 3.7 | 74.2% |
| Tunisia | N/A | 0.7 | 0.9 | 2.0 | 69.0% |
| Poland | 1.1 | 0.4 | 1.6 | 1.8 | 17.8% |
| Others | 1.3 | 2.2 | 2.4 | 5.6 | 62.7% |
| Total | 44.3 | 31.9 | 39.9 | 56.2 | 8.3% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from Italy in 2022:
- United States (7.2K tons)
- Spain (5.4K tons)
- France (5.3K tons)
- United Kingdom (4.4K tons)
- Germany (3.6K tons)
- Norway (2.1K tons)
- Tunisia (1.3K tons)
- Poland (0.9K tons)
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy
Imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into Italy was estimated at 22K tons in 2022, increasing by 8% on 2021. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides skyrocketed to $39M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 15.0 | 10.4 | 15.5 | 22.4 | 14.3% |
| Belgium | 0.5 | 0.6 | 3.2 | 7.9 | 150.9% |
| Israel | 2.2 | 1.7 | 3.2 | 4.0 | 22.1% |
| Germany | 0.9 | N/A | 0.5 | 1.9 | 28.3% |
| South Korea | 0.1 | 0.1 | 1.0 | 0.9 | 108.0% |
| Poland | 0.6 | 0.4 | 0.9 | 0.8 | 10.1% |
| Lithuania | N/A | N/A | N/A | 0.7 | 0% |
| Czech Republic | 1.1 | 2.0 | 0.4 | N/A | -39.7% |
| Others | 1.0 | 0.5 | 1.2 | 0.5 | -20.6% |
| Total | 21.4 | 15.8 | 26.0 | 39.2 | 22.4% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to Italy in 2022:
- Austria (12.2K tons)
- Belgium (4.4K tons)
- Israel (2.6K tons)
- Germany (1.5K tons)
- South Korea (0.6K tons)
- Poland (0.5K tons)
- Lithuania (0.4K tons)
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