Italy: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Italy

The Italian market for benzaldehyde and other cyclic aldehydes without other oxygen function dropped modestly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Italy

In value terms, benzaldehyde and other cyclic aldehydes production stood at $X in 2023 estimated in export price. Over the period under review, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports from Italy

For the fourth consecutive year, Italy recorded decline in overseas shipments of benzaldehyde and other cyclic aldehydes without other oxygen function, which decreased by X% to X tons in 2023. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, benzaldehyde and other cyclic aldehydes exports reached $X in 2023. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for benzaldehyde and other cyclic aldehydes exports from Italy, with a X% share of total exports. Moreover, benzaldehyde and other cyclic aldehydes exports to France exceeded the volume sent to the second major destination, Austria (X tons), sixfold. The third position in this ranking was taken by Georgia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Georgia (X% per year).

In value terms, France ($X) remains the key foreign market for benzaldehyde and other cyclic aldehydes without other oxygen function exports from Italy, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2023, the average export price for benzaldehyde and other cyclic aldehydes without other oxygen function amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, benzaldehyde and other cyclic aldehydes export price increased by X% against 2020 indices. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports into Italy

In 2023, benzaldehyde and other cyclic aldehydes imports into Italy contracted markedly to X tons, which is down by X% compared with 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then reduced remarkably in the following year.

In value terms, benzaldehyde and other cyclic aldehydes imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of benzaldehyde and other cyclic aldehydes imports to Italy, with a combined X% share of total imports. India, Belgium, France and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest benzaldehyde and other cyclic aldehydes suppliers to Italy were Spain ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total imports. China, France, India and Belgium lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded 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

The average import price for benzaldehyde and other cyclic aldehydes without other oxygen function stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, benzaldehyde and other cyclic aldehydes import price increased by X% against 2021 indices. As a result, import price reached 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 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform