Italy - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in Italy - 2023
Contents:
- Industrial Stearic Acid Price in Italy (FOB) - 2023
- Industrial Stearic Acid Price in Italy (CIF) - 2022
- Industrial Stearic Acid Exports in Italy
- Industrial Stearic Acid Imports in Italy
Industrial Stearic Acid Price in Italy (FOB) - 2023
The average industrial stearic acid export price stood at $1,819 per ton in June 2023, stabilizing at the previous month. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in November 2022 an increase of 4.4% month-to-month. Over the period under review, the average export prices reached the maximum at $2,355 per ton in August 2022; however, from September 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Slovenia ($2,012 per ton) and Turkey ($2,003 per ton), while the average price for exports to Austria ($1,490 per ton) and the Czech Republic ($1,720 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.7%), while the prices for the other major destinations experienced a decline.
Industrial Stearic Acid Price in Italy (CIF) - 2022
In 2022, the average industrial stearic acid import price amounted to $2,122 per ton, with an increase of 38% against the previous year. In general, the import price posted a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,727 per ton), while the price for Indonesia ($1,551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Stearic Acid Exports in Italy
In 2022, approx. 16K tons of industrial stearic acid were exported from Italy; falling by -21.5% compared with 2021 figures. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of 21K tons, and then plummeted in the following year.
In value terms, industrial stearic acid exports soared to $38M in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 109% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Industrial Stearic Acid in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.1 | 4.0 | 6.3 | 9.3 | 31.4% |
| Czech Republic | 1.1 | 1.3 | 2.7 | 4.0 | 53.8% |
| Turkey | 0.3 | 0.6 | 2.5 | 3.7 | 131.0% |
| Poland | 0.9 | 0.8 | 2.5 | 3.7 | 60.2% |
| France | 1.1 | 1.1 | 2.5 | 3.7 | 49.8% |
| Austria | 1.7 | 1.2 | 2.0 | 3.0 | 20.8% |
| Spain | 0.8 | 0.7 | 1.3 | 1.9 | 33.4% |
| Slovenia | 0.7 | 0.6 | 1.1 | 1.7 | 34.4% |
| Portugal | N/A | N/A | 0.9 | 1.3 | 44.4% |
| Romania | 0.9 | 0.8 | 0.3 | 1.0 | 3.6% |
| Others | 1.8 | 1.2 | 3.7 | 5.1 | 41.5% |
| Total | 13.2 | 12.4 | 26.0 | 38.5 | 42.9% |
Top Export Markets for Industrial Stearic Acid from Italy in 2022:
- Germany (6.5K tons)
- Czech Republic (1.5K tons)
- France (1.3K tons)
- Austria (1.3K tons)
- Turkey (1.2K tons)
- Poland (1.1K tons)
- Spain (0.6K tons)
- Romania (0.5K tons)
- Slovenia (0.5K tons)
- Portugal (0.4K tons)
Industrial Stearic Acid Imports in Italy
In 2022, after three years of growth, there was significant decline in supplies from abroad of industrial stearic acid, when their volume decreased by -8.4% to 13K tons. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 14K tons, and then reduced in the following year.
In value terms, industrial stearic acid imports surged to $28M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 73%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Industrial Stearic Acid in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.1 | 7.4 | 12.6 | 15.9 | 46.1% |
| Germany | 1.1 | 1.9 | 5.4 | 6.8 | 83.5% |
| Malaysia | 1.2 | 1.3 | 1.6 | 2.0 | 18.6% |
| Indonesia | 1.2 | 1.2 | 1.2 | 1.5 | 7.7% |
| Spain | 0.1 | 0.1 | 0.8 | 1.0 | 115.4% |
| Belgium | 0.4 | 0.5 | 0.3 | 0.5 | 7.7% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 9.3 | 12.7 | 22.1 | 28.0 | 44.4% |
Top Suppliers of Industrial Stearic Acid to Italy in 2022:
- Netherlands (7.6K tons)
- Germany (2.8K tons)
- Malaysia (1.1K tons)
- Indonesia (1.0K tons)
- Spain (0.4K tons)
- Belgium (0.3K tons)
This report provides an in-depth analysis of the industrial stearic acid 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 20143120 - Industrial stearic acid
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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