Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy - 2023

Contents:

  1. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (FOB) - 2022
  2. Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (CIF) - 2022
  3. Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy
  4. Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (FOB) - 2022

The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $972 per ton in 2022, jumping by 46% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs at $975 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($1,107 per ton), while the average price for exports to Switzerland ($642 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 Gibraltar (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (CIF) - 2022

In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $925 per ton, growing by 41% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49%. The import price peaked at $976 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($1,148 per ton) and Spain ($979 per ton), while the price for Libya ($767 per ton) and Russia ($822 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy

In 2022, exports of petroleum spirit for motor vehicles **legacy non-wco code**s from Italy rose significantly to 9.3M tons, increasing by 6.6% on 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $9B in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7095031,7102,79357.9%
Libya5583595771,00321.6%
Gibraltar42629846992229.4%
Egypt20.5147193555200.3%
Netherlands4371124395206.0%
Trinidad and TobagoN/AN/AN/A4590%
Switzerland21387.494.143526.9%
Spain307168152256-5.9%
South Africa12348.541323323.7%
France19795.41412203.7%
EcuadorN/AN/A21.7209863.1%
Belgium39.620.317817764.7%
Nigeria22.930634614986.7%
Others2,2981,0161,0461,093-21.9%
Total5,3503,1585,7809,02419.0%

Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Italy in 2022:

  1. United States (2741.5K tons)
  2. Libya (987.3K tons)
  3. Gibraltar (912.6K tons)
  4. Switzerland (677.4K tons)
  5. Netherlands (591.2K tons)
  6. Egypt (528.9K tons)
  7. Trinidad and Tobago (414.2K tons)
  8. Spain (265.6K tons)
  9. South Africa (248.4K tons)
  10. France (220.8K tons)
  11. Ecuador (207.0K tons)
  12. Belgium (192.8K tons)
  13. Nigeria (174.1K tons)

Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy

In 2022, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s into Italy contracted to 1.5M tons, dropping by -6.9% against the year before. Overall, imports faced a abrupt setback. The smallest decline of -4.6% was in 2020.

In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $1.4B in 2022. The total import value increased at an average annual rate of +4.8% 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.

Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece55.718.989.920754.9%
Spain295221375183-14.7%
Russia56.611520813433.3%
Romania5.028.31.9116185.2%
Belgium33.851.136.010445.4%
Libya24.08.329.610362.5%
Israel8.341.526.897.1127.0%
France44.130.366.295.329.3%
Slovenia41.568.911.182.325.6%
Netherlands27.616.671.578.641.7%
Algeria18510618.152.0-34.5%
United Kingdom15571.70.60.5-85.2%
Others255138109113-23.8%
Total1,1869161,0441,3664.8%

Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Italy in 2022:

  1. Greece (212.3K tons)
  2. Spain (186.6K tons)
  3. Russia (163.6K tons)
  4. Libya (134.4K tons)
  5. Romania (122.0K tons)
  6. France (112.5K tons)
  7. Belgium (111.5K tons)
  8. Israel (110.2K tons)
  9. Slovenia (88.3K tons)
  10. Netherlands (68.5K tons)
  11. Algeria (58.3K tons)
  12. United Kingdom (0.1K tons)

Source: IndexBox Market Intelligence Platform

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