Italy: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Italy

The Italian ethylene glycol market dropped modestly to $X in 2022, shrinking by -3.9% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Ethylene Glycol Production in Italy

In value terms, ethylene glycol production reached $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The growth pace was the most rapid in 2014 when the production volume increased by 80% against the previous year. Ethylene glycol production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Ethylene Glycol Exports

Exports from Italy

In 2022, after two years of decline, there was growth in shipments abroad of ethylene glycol (ethanediol), when their volume increased by 2.4% to X tons. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 59%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ethylene glycol exports dropped to $X in 2022. Overall, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 42%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Slovenia (X tons) and Poland (X tons) were the main destinations of ethylene glycol exports from Italy, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +53.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene glycol exported from Italy were Croatia ($X), Slovenia ($X) and Albania ($X), with a combined 52% share of total exports.

Among the main countries of destination, Croatia, with a CAGR of +42.2%, recorded 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 ethylene glycol export price amounted to $X per ton, which is down by -10.7% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Croatia ($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 Slovakia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Glycol Imports

Imports into Italy

In 2022, approx. X tons of ethylene glycol (ethanediol) were imported into Italy; with a decrease of -13.9% on 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 14%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethylene glycol imports shrank remarkably to $X in 2022. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of ethylene glycol imports to Italy, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +109.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and Germany ($X) appeared to be the largest ethylene glycol suppliers to Italy, together accounting for 79% of total imports.

The United States, with a CAGR of +86.4%, recorded the highest growth rate of the value of imports, in terms of 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 ethylene glycol import price stood at $X per ton in 2022, dropping by -7.7% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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