Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Italy - 2023

Contents:

  1. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (CIF) - 2023
  2. Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (FOB) - 2023
  3. Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy
  4. Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (CIF) - 2023

In November 2023, the average import price for cellulose nitrates (including collodions); in primary formses amounted to $4,037 per ton, declining by -4.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in January 2023 when the average import price increased by 26% month-to-month. Over the period under review, average import prices reached the peak figure at $4,303 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was India ($4,483 per ton), while the price for Brazil totaled $3,575 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (FOB) - 2023

In November 2023, the average export price for cellulose nitrates (including collodions); in primary formses amounted to $5,349 per ton, picking up by 8.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in March 2023 an increase of 12% m-o-m. Over the period under review, the average export prices hit record highs in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($7,948 per ton), while the average price for exports to Serbia ($4,449 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy

In 2022, purchases abroad of cellulose nitrates (including collodions); in primary formses increased by 34% to 13K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cellulose nitrates (including collodions); in primary formses surged to $41M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17.517.217.423.29.9%
France8.17.04.39.76.2%
India4.84.45.36.39.5%
Brazil1.7N/A0.40.7-25.6%
Czech Republic0.50.50.70.66.3%
Others1.80.50.70.9-20.6%
Total34.429.628.941.36.3%

Top Suppliers of Cellulose Nitrates (Including Collodions); in Primary Forms to Italy in 2022:

  1. Germany (7.8K tons)
  2. France (3.1K tons)
  3. India (1.6K tons)
  4. Brazil (0.3K tons)
  5. Czech Republic (0.1K tons)

Exports of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy

In 2022, after three years of growth, there was significant decline in shipments abroad of cellulose nitrates (including collodions); in primary formses, when their volume decreased by -45.6% to 423 tons. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of 778 tons, and then fell sharply in the following year.

In value terms, exports of cellulose nitrates (including collodions); in primary formses contracted rapidly to $1.6M in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $2.6M, and then declined significantly in the following year.

Export of Cellulose Nitrates (Including Collodions); in Primary Forms in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria5998328306070.4%
Serbia2202022552291.3%
Pakistan11476.010616112.2%
France48.315.120613741.6%
Mexico11196.367.878.6-10.9%
Hong Kong SARN/A34.063.968.041.4%
Turkey11892.641660.4-20.0%
United Kingdom16.512.277.851.946.5%
Greece73.39.839.326.9-28.4%
Poland1792661015.5-68.7%
Others246302434171-11.4%
Total1,7261,9372,5971,596-2.6%

Top Export Markets for Cellulose Nitrates (Including Collodions); in Primary Forms from Italy in 2022:

  1. Austria (181.9 tons)
  2. Serbia (64.9 tons)
  3. Pakistan (41.0 tons)
  4. France (34.8 tons)
  5. Hong Kong SAR (19.5 tons)
  6. Mexico (17.1 tons)
  7. United Kingdom (12.1 tons)
  8. Turkey (11.8 tons)
  9. Greece (6.5 tons)
  10. Poland (1.8 tons)

Source: IndexBox Market Intelligence Platform

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