Italy: Alcohols Market 2024

Alcohols Market Size in Italy

In 2020, the Italian alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a pronounced descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Alcohols Production in Italy

In value terms, alcohols production reduced rapidly to $X in 2020 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2020, production growth failed to regain momentum.

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Alcohols Exports

Exports from Italy

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2020, the growth of the exports remained at a lower figure.

In value terms, alcohols exports shrank to $X in 2020. Over the period under review, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main destinations of alcohols exports from Italy, together accounting for X% of total exports. Slovenia, Japan, Switzerland, India, the UK, the United States, Poland, Hungary, the Netherlands and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for alcohols exported from Italy worldwide, with a combined X% share of total exports. Japan, the United States, Slovenia, India, Switzerland, the UK, the Netherlands, Poland, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Italy

In 2020, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2020, the growth of imports remained at a lower figure.

In value terms, alcohols imports dropped to $X in 2020. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain momentum.

Imports by Country

Egypt (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of alcohols imports to Italy, together comprising X% of total imports. The United States, Azerbaijan, the Netherlands, France, Belgium, Trinidad and Tobago and Algeria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to Italy were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports. Belgium, Egypt, Saudi Arabia, the United States, Azerbaijan, Trinidad and Tobago and Algeria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of 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

The average alcohols import price stood at $X per ton in 2020, leveling off at the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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