Italy: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Italy

The Italian market for lauric acid and other acids, their salts and esters expanded slightly to $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Italy

In value terms, production of lauric acid and other acids, their salts and esters fell to $X in 2023 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Production of peaked at $X in 2022, and then contracted in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Italy

In 2023, shipments abroad of lauric acid and other acids, their salts and esters decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters reduced markedly to $X in 2023. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2022, and then declined remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Italy, with a X% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to Germany exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and South Korea (X% per year).

In value terms, the largest markets for lauric acid and other acids, their salts and esters exported from Italy were Germany ($X), Belgium ($X) and Spain ($X), with a combined X% share of total exports. France, China, the United States, South Korea, Taiwan (Chinese), Turkey, Australia, Poland, the Netherlands and Greece lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Italy

In 2023, purchases abroad of lauric acid and other acids, their salts and esters decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of lauric acid and other acids, their salts and esters dropped slightly to $X in 2023. Over the period under review, total imports indicated measured growth from 2012 to 2023: its value 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Italy, with a combined X% share of total imports. Sweden, China, Belgium, Malaysia, France, Brazil, Indonesia and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X), Germany ($X) and China ($X) appeared to be the largest lauric acid and other acids, their salts and esters suppliers to Italy, together accounting for X% of total imports. Belgium, Austria, France, Sweden, Spain, Malaysia, Brazil and Indonesia lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw 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

In 2023, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, approximately mirroring the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then fell in the following year.

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 France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform