Italy: Ethylene Market 2024

Ethylene Market Size in Italy

The Italian ethylene market shrank to $X in 2021, approximately mirroring the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ethylene Production in Italy

In value terms, ethylene production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 55%. Ethylene production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ethylene Exports

Exports from Italy

For the third year in a row, Italy recorded decline in overseas shipments of ethylene, which decreased by -3% to X tons in 2021. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 999% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene exports surged to $X in 2021. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 662%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for ethylene exports from Italy, with a 56% share of total exports. Moreover, ethylene exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+28.7% per year) and Germany (+235.2% per year).

In value terms, Indonesia ($X) remains the key foreign market for ethylene exports from Italy, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.1% per year) and the Netherlands (+7.7% per year).

Export Prices by Country

The average ethylene export price stood at $X per ton in 2021, surging by 37% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Belgium ($X per ton), while the average price for exports to France ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Imports

Imports into Italy

After two years of decline, purchases abroad of ethylene increased by 17% to X tons in 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 458% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ethylene imports surged to $X in 2021. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 415% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Spain (X tons) and Norway (X tons) were the main suppliers of ethylene imports to Italy, with a combined 74% share of total imports. The Netherlands, Belgium and Portugal lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +120.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene suppliers to Italy were France ($X), Spain ($X) and Norway ($X), with a combined 73% share of total imports. The Netherlands, Belgium and Portugal lagged somewhat behind, together comprising a further 25%.

Portugal, with a CAGR of +99.1%, saw the highest rates of growth with regard to 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 ethylene import price stood at $X per ton in 2021, growing by 48% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Portugal ($X per ton), while the price for Spain ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :