Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $25,144 per ton in 2022, falling by -3% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2015 an increase of 68% against the previous year. Over the period under review, average import prices attained the peak figure at $122,692 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Germany ($269,536 per ton), while the price for the Netherlands ($15,581 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $95,953 per ton in 2022, waning by -22.6% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $124,711 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($258,273 per ton), while the average price for exports to Switzerland ($27,922 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 Egypt (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy

After three years of growth, purchases abroad of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -27.5% to 339 tons in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses reached $12M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Italy in 2022:

1. Netherlands (255.7 tons)
2. China (44.4 tons)
3. Germany (16.0 tons)
4. Taiwan (Chinese) (7.6 tons)
5. Poland (5.8 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Italy

Exports of balances; of a sensitivity of 5cg or better, with or without weightses from Italy expanded sharply to 49 tons in 2022, surging by 7.9% on the previous year's figure. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 20%.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses contracted sharply to $4.7M in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Italy in 2022:

1. Belgium (9.8 tons)
2. Switzerland (7.0 tons)
3. United States (5.8 tons)
4. Germany (3.4 tons)
5. Spain (2.5 tons)
6. Iran (1.9 tons)
7. France (1.8 tons)
8. Iraq (1.8 tons)
9. Egypt (1.5 tons)
10. Kuwait (1.1 tons)
11. Colombia (0.9 tons)
12. Brazil (0.5 tons)
13. Tunisia (0.2 tons)

Source: IndexBox Market Intelligence Platform