Waxes; Artificial, Prepared Price in Italy - 2023
Contents:
- Waxes; Artificial, Prepared Price in Italy (CIF) - 2023
- Waxes; Artificial, Prepared Price in Italy (FOB) - 2023
- Waxes; Artificial, Prepared Imports in Italy
- Waxes; Artificial, Prepared Exports in Italy
Waxes; Artificial, Prepared Price in Italy (CIF) - 2023
In July 2023, the average waxes; artificial, prepared import price amounted to $2,709 per ton, waning by -7.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 46% month-to-month. As a result, import price reached the peak level of $3,307 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($10,294 per ton), while the price for China ($1,281 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Italy (FOB) - 2023
The average waxes; artificial, prepared export price stood at $3,421 per ton in July 2023, reducing by -12% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 24% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,888 per ton in June 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,253 per ton), while the average price for exports to the Netherlands ($1,554 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Italy
For the fourth consecutive year, Italy recorded growth in purchases abroad of waxes; artificial, prepared, which increased by 42% to 91K tons in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared imports soared to $263M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 56.4 | 50.0 | 73.0 | 113 | 26.1% |
| China | 7.6 | 11.7 | 19.9 | 30.9 | 59.6% |
| Netherlands | 6.1 | 5.1 | 12.7 | 19.7 | 47.8% |
| Denmark | 8.2 | 8.6 | 12.0 | 18.6 | 31.4% |
| Belgium | 2.8 | 3.2 | 10.1 | 15.6 | 77.3% |
| France | 5.2 | 4.0 | 7.0 | 10.9 | 28.0% |
| United States | 5.5 | 8.8 | 6.7 | 10.7 | 24.8% |
| United Kingdom | 5.2 | 8.8 | 3.2 | 8.8 | 19.2% |
| Spain | 3.9 | 2.6 | 5.0 | 7.7 | 25.5% |
| Poland | 2.8 | 2.3 | 4.1 | 6.3 | 31.0% |
| Malaysia | 1.8 | 1.7 | 2.2 | 3.5 | 24.8% |
| India | 1.3 | 1.4 | 2.2 | 3.4 | 37.8% |
| Russia | 1.3 | 1.4 | 1.5 | 2.4 | 22.7% |
| Others | 5.0 | 4.8 | 7.5 | 11.2 | 30.8% |
| Total | 113 | 114 | 167 | 263 | 32.5% |
Top Suppliers of Waxes; Artificial, Prepared to Italy in 2022:
- Germany (34.8K tons)
- China (13.1K tons)
- Netherlands (8.6K tons)
- Denmark (7.4K tons)
- Belgium (5.8K tons)
- Spain (3.1K tons)
- France (2.9K tons)
- India (2.3K tons)
- Poland (2.2K tons)
- United States (1.9K tons)
- Malaysia (1.6K tons)
- United Kingdom (1.4K tons)
- Russia (1.4K tons)
Waxes; Artificial, Prepared Exports in Italy
In 2022, exports of waxes; artificial, prepared from Italy reduced notably to 39K tons, dropping by -21.6% against 2021 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 50K tons, and then shrank dramatically in the following year.
In value terms, waxes; artificial, prepared exports surged to $146M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +78.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Waxes; Artificial, Prepared in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 13.7 | 13.2 | 16.7 | 19.1 | 11.7% |
| Germany | 6.4 | 6.6 | 13.9 | 15.9 | 35.4% |
| Spain | 5.6 | 4.2 | 7.8 | 9.0 | 17.1% |
| United States | 4.4 | 5.2 | 7.0 | 8.0 | 22.1% |
| Netherlands | 4.5 | 2.5 | 6.9 | 7.9 | 20.6% |
| Turkey | 2.3 | 2.3 | 6.5 | 7.5 | 48.3% |
| China | 5.1 | 4.1 | 5.5 | 6.3 | 7.3% |
| Poland | 3.0 | 3.1 | 5.3 | 6.0 | 26.0% |
| Slovakia | 3.2 | 3.0 | 4.7 | 5.4 | 19.1% |
| United Kingdom | 2.1 | 2.5 | 4.6 | 5.3 | 36.2% |
| Austria | 1.4 | 1.8 | 3.1 | 3.6 | 37.0% |
| Slovenia | 2.6 | 2.0 | 2.8 | 3.2 | 7.2% |
| Hungary | 0.5 | 0.4 | 2.1 | 2.4 | 68.7% |
| Others | 32.4 | 30.9 | 38.4 | 46.2 | 12.6% |
| Total | 87.1 | 81.8 | 125 | 146 | 18.8% |
Top Export Markets for Waxes; Artificial, Prepared from Italy in 2022:
- Germany (5.2K tons)
- France (5.0K tons)
- Netherlands (4.5K tons)
- Spain (3.1K tons)
- Turkey (2.1K tons)
- Poland (1.9K tons)
- Slovakia (1.6K tons)
- Slovenia (1.4K tons)
- Austria (1.3K tons)
- United Kingdom (1.2K tons)
- United States (0.9K tons)
- Hungary (0.8K tons)
- China (0.8K tons)
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