Italy: Polycarboxylic Acid Market 2023

Polycarboxylic Acid Market Size in Italy

The Italian polycarboxylic acid market soared to $X in 2021, picking up by 67% against the previous year. In general, consumption, however, continues to indicate a slight downturn. Polycarboxylic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Polycarboxylic Acid Production in Italy

In value terms, polycarboxylic acid production soared to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Italy

In 2021, overseas shipments of polycarboxylic acids were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 18%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of polycarboxylic acid exports from Italy, together accounting for 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +10.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for polycarboxylic acid exported from Italy worldwide, with a combined 47% share of total exports.

Spain, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, in terms of 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 2021, the average polycarboxylic acid export price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Italy

In 2021, approx. X tons of polycarboxylic acids were imported into Italy; growing by 19% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polycarboxylic acid imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a mild contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of polycarboxylic acid imports to Italy, together comprising 48% of total imports. The Netherlands, Mexico, South Korea, China, Austria, France and Portugal lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of polycarboxylic acids to Italy, comprising 29% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.9% per year) and China (+8.6% per year).

Import Prices by Country

The average polycarboxylic acid import price stood at $X per ton in 2021, rising by 44% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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