Italy: Biodiesel Market 2024

Biodiesel Market Size in Italy

For the fourth year in a row, the Italian biodiesel market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Biodiesel Production in Italy

In value terms, biodiesel production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Biodiesel production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Biodiesel Exports

Exports from Italy

After two years of growth, shipments abroad of biodiesel decreased by X% to X tons in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, biodiesel exports surged to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), Belgium (X tons) and Sweden (X tons) were the main destinations of biodiesel exports from Italy, with a combined X% share of total exports. The Netherlands, the United States, Germany, France and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Sweden ($X) constituted the largest markets for biodiesel exported from Italy worldwide, with a combined X% share of total exports. The Netherlands, the United States, Germany, France and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, 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 2022, the average biodiesel export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into Italy

In 2022, purchases abroad of biodiesel increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, biodiesel imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of biodiesel to Italy, with a X% share of total imports. Moreover, biodiesel imports from Spain exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of biodiesel to Italy, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average biodiesel import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a notable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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