Italy: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Italy

The Italian market for compounds with other nitrogen function (excluding isocyanates) rose significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a slight descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Italy

In value terms, compounds with other nitrogen function production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Compounds with other nitrogen function production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Italy

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports dropped dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), Denmark (X tons) and Spain (X tons) were the main destinations of compounds with other nitrogen function exports from Italy, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Italy, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Italy

In 2022, after four years of growth, there was significant decline in purchases abroad of compounds with other nitrogen function (excluding isocyanates), when their volume decreased by X% to X tons. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, compounds with other nitrogen function imports contracted rapidly to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of compounds with other nitrogen function imports to Italy, together comprising X% of total imports.

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

In value terms, the largest compounds with other nitrogen function suppliers to Italy were the United States ($X), Spain ($X) and Germany ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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