Italy - Animal Or Vegetable Fats And Oils Chemically Modified - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Italy - Animal Or Vegetable Fats And Oils Chemically Modified - Market Analysis, Forecast, Size, Trends And Insights

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Chemically Modified Oils Price in Italy - 2023

Contents:

  1. Chemically Modified Oils Price in Italy (FOB) - 2023
  2. Chemically Modified Oils Price in Italy (CIF) - 2022
  3. Chemically Modified Oils Exports in Italy
  4. Chemically Modified Oils Imports in Italy

Chemically Modified Oils Price in Italy (FOB) - 2023

In August 2023, the average chemically modified oils export price amounted to $1,255 per ton, rising by 3.6% against the previous month. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 4.3% m-o-m. The export price peaked at $1,604 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($1,676 per ton), while the average price for exports to Denmark ($422 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.0%), while the prices for the other major destinations experienced a decline.

Chemically Modified Oils Price in Italy (CIF) - 2022

In 2022, the average chemically modified oils import price amounted to $1,410 per ton, with an increase of 14% against the previous year. In general, the import price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 84% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($2,009 per ton), while the price for Romania ($708 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+70.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Chemically Modified Oils Exports in Italy

Chemically modified oils exports from Italy skyrocketed to 198K tons in 2022, increasing by 42% compared with the previous year. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 43%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chemically modified oils exports surged to $281M in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 84% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Chemically Modified Oils in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands11.334.856.7139130.8%
Austria15.521.836.742.840.3%
Spain4.03.111.819.268.7%
BelgiumN/A0.67.418.1449.2%
Czech Republic1.04.06.913.7139.3%
Germany2.93.57.28.945.3%
France3.84.36.88.128.7%
Hungary4.54.55.27.418.0%
DenmarkN/AN/A3.24.746.9%
Switzerland2.53.54.93.17.4%
Others6.66.512.616.234.9%
Total52.286.615928175.3%

Top Export Markets for Chemically Modified Oils from Italy in 2022:

  1. Netherlands (119.2K tons)
  2. Austria (25.0K tons)
  3. Belgium (11.0K tons)
  4. Spain (10.4K tons)
  5. Denmark (6.2K tons)
  6. Germany (5.6K tons)
  7. Czech Republic (4.8K tons)
  8. Hungary (4.0K tons)
  9. France (3.3K tons)
  10. Switzerland (1.7K tons)

Chemically Modified Oils Imports in Italy

Chemically modified oils imports into Italy soared to 126K tons in 2022, surging by 40% against the previous year's figure. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chemically modified oils imports soared to $178M in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Chemically Modified Oils in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.30.140.962.2491.9%
Spain8.114.013.323.342.2%
Germany7.510.517.015.928.5%
Belgium2.21.92.512.578.4%
VietnamN/AN/AN/A8.50%
RomaniaN/AN/A3.96.156.4%
Poland2.02.04.15.540.1%
Austria3.11.81.54.714.9%
MalaysiaN/AN/AN/A3.60%
Portugal0.12.92.53.2217.5%
IranN/AN/AN/A3.00%
BulgariaN/AN/A3.52.4-31.4%
Czech RepublicN/AN/A0.42.0400.0%
Others10.814.722.025.032.3%
Total34.148.011217873.5%

Top Suppliers of Chemically Modified Oils to Italy in 2022:

  1. China (43.1K tons)
  2. Spain (20.6K tons)
  3. Germany (9.0K tons)
  4. Romania (8.7K tons)
  5. Belgium (6.2K tons)
  6. Vietnam (5.6K tons)
  7. Poland (4.4K tons)
  8. Portugal (3.1K tons)
  9. Austria (2.9K tons)
  10. Czech Republic (2.2K tons)
  11. Malaysia (2.2K tons)
  12. Bulgaria (2.2K tons)
  13. Iran (2.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chemically modified oils market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20592000 - Animal or vegetable fats and oils chemically modified

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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