Price for Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy - 2023
Contents:
- Price for Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy (CIF) - 2023
- Imports of Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy
Price for Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy (CIF) - 2023
The average import price for quaternary ammonium salts and hydroxides; choline and its saltses stood at $1,096 per ton in November 2023, with an increase of 7.3% against the previous month. Over the period under review, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in January 2023 an increase of 30% month-to-month. The import price peaked at $1,856 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was India ($2,235 per ton), while the price for China ($812 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (-2.0%), while the prices for the other major suppliers experienced a decline.
Imports of Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy
In 2022, the amount of quaternary ammonium salts and hydroxides; choline and its saltses imported into Italy skyrocketed to 11K tons, jumping by 26% on 2021 figures. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of quaternary ammonium salts and hydroxides; choline and its saltses surged to $18M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.7 | 5.0 | 4.1 | 5.9 | 16.8% |
| China | 1.9 | 2.0 | 3.0 | 5.6 | 43.4% |
| India | 0.4 | 0.7 | 1.2 | 3.3 | 102.1% |
| United States | N/A | 0.2 | 0.2 | 1.9 | 208.2% |
| Spain | 0.3 | 0.2 | 0.5 | 0.4 | 10.1% |
| Vietnam | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Others | 0.7 | 0.3 | 0.9 | 0.7 | 0.0% |
| Total | 7.2 | 8.9 | 10.2 | 18.0 | 35.7% |
Top Suppliers of Quaternary Ammonium Salts and Hydroxides; Choline and Its Salts to Italy in 2022:
- Belgium (5.6K tons)
- China (3.2K tons)
- India (1.3K tons)
- United States (0.5K tons)
- Spain (0.2K tons)
- Vietnam (0.1K tons)
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