Italy: Adipic Acid Market 2024

Adipic Acid Market Size in Italy

After two years of growth, the Italian adipic acid market decreased by X% to $X in 2023. Overall, consumption, however, enjoyed a perceptible expansion. Adipic acid consumption peaked at $X in 2022, and then contracted rapidly in the following year.

Adipic Acid Production in Italy

In value terms, adipic acid production reduced to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Adipic Acid Exports

Exports from Italy

Adipic acid exports from Italy fell to X tons in 2023, waning by X% on the previous year. The total export volume increased at an average annual rate of X% from 2015 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, adipic acid exports contracted sharply to $X in 2023. Overall, total exports indicated a temperate increase from 2015 to 2023: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then declined significantly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of adipic acid exports from Italy, together comprising X% of total exports. Spain, the UK, Turkey, Belgium, China, Israel, Poland and Slovenia lagged somewhat behind, together comprising a further X%.

From 2015 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adipic acid exported from Italy were Germany ($X), France ($X) and Switzerland ($X), together accounting for X% of total exports. Spain, the UK, China, Turkey, Israel, Belgium, Poland and Slovenia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average adipic acid export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, export price indicated noticeable growth from 2015 to 2023: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, adipic acid export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Adipic Acid Imports

Imports into Italy

Adipic acid imports into Italy fell to X tons in 2023, declining by X% compared with 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, adipic acid imports declined rapidly to $X in 2023. Overall, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of adipic acid imports to Italy, together accounting for X% of total imports. France and Belgium lagged somewhat behind, together comprising a further X%.

From 2015 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest adipic acid suppliers to Italy, together comprising X% of total imports. France and Belgium lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the average adipic acid import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated a tangible increase from 2015 to 2023: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then reduced rapidly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform