Italy: Formaldehyde Market 2024

Formaldehyde Market Size in Italy

In 2022, the Italian formaldehyde market decreased by X% to $X, falling for the fourth year in a row after three years of growth. In general, consumption, however, showed a perceptible decline. Formaldehyde consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Formaldehyde Production in Italy

In value terms, formaldehyde production dropped rapidly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Formaldehyde production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Formaldehyde Exports

Exports from Italy

Formaldehyde exports from Italy fell dramatically to X tons in 2022, reducing by X% against 2021 figures. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, formaldehyde exports declined significantly to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Slovenia (X tons) was the main destination for formaldehyde exports from Italy, accounting for a X% share of total exports. Moreover, formaldehyde exports to Slovenia exceeded the volume sent to the second major destination, Austria (X tons), ninefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Slovenia ($X) remains the key foreign market for formaldehyde exports from Italy, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average formaldehyde export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a measured increase 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, formaldehyde export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

Formaldehyde Imports

Imports into Italy

In 2022, the amount of formaldehyde imported into Italy dropped sharply to X tons, with a decrease of X% against 2021 figures. In general, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, formaldehyde imports fell notably to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

The UK (X tons), Slovenia (X tons) and Belgium (X tons) were the main suppliers of formaldehyde imports to Italy, together accounting for X% of total imports. The Netherlands, Spain and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest formaldehyde suppliers to Italy were the UK ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total imports. Slovenia, Spain and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 formaldehyde import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded prominent growth. 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 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform