Nitrile-Function Compounds Price in Italy - 2023
Contents:
- Nitrile-Function Compounds Price in Italy (CIF) - 2023
- Nitrile-Function Compounds Price in Italy (FOB) - 2022
- Nitrile-Function Compounds Imports in Italy
- Nitrile-Function Compounds Exports in Italy
Nitrile-Function Compounds Price in Italy (CIF) - 2023
In August 2023, the average nitrile-function compounds import price amounted to $2,909 per ton, surging by 15% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 107% against the previous month. As a result, import price attained the peak level of $13,777 per ton. From December 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($157K per ton), while the price for the Netherlands ($1,886 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrile-Function Compounds Price in Italy (FOB) - 2022
The average nitrile-function compounds export price stood at $14,682 per ton in 2022, which is down by -19.2% against the previous year. In general, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 28%. As a result, the export price reached the peak level of $27,566 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($29,609 per ton), while the average price for exports to France ($3,399 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 Brazil (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrile-Function Compounds Imports in Italy
In 2022, after three years of growth, there was significant decline in purchases abroad of nitrile-function compoundses, when their volume decreased by -29% to 88K tons. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 197%.
In value terms, nitrile-function compounds imports shrank significantly to $339M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 426% against the previous year.
| Import of Nitrile-Function Compounds in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.7 | 71.7 | 129 | 116 | 449.3% |
| Belgium | 15.9 | 174 | 211 | 107 | 88.8% |
| Netherlands | 23.4 | 27.5 | 43.4 | 51.7 | 30.2% |
| China | 2.8 | 25.6 | 25.0 | 32.6 | 126.6% |
| Germany | 8.6 | 10.6 | 13.3 | 13.2 | 15.4% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | 2.8 | 429.2% |
| United Kingdom | 10.2 | 9.1 | 0.2 | 0.6 | -61.1% |
| Others | 0.4 | 7.5 | 9.7 | 14.3 | 229.4% |
| Total | 61.9 | 326 | 432 | 339 | 76.3% |
Top Suppliers of Nitrile-Function Compounds to Italy in 2022:
- France (35.3K tons)
- Belgium (22.4K tons)
- Netherlands (18.4K tons)
- China (4.3K tons)
- Germany (3.3K tons)
- Taiwan (Chinese) (1.4K tons)
- United Kingdom (0.2K tons)
Nitrile-Function Compounds Exports in Italy
In 2022, approx. 1.7K tons of nitrile-function compoundses were exported from Italy; picking up by 13% against 2021. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, nitrile-function compounds exports shrank to $24M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports attained the peak of $26M, and then fell in the following year.
| Export of Nitrile-Function Compounds in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.7 | 4.7 | 6.3 | 4.0 | -5.2% |
| France | 1.5 | 0.4 | 1.2 | 3.1 | 27.4% |
| United States | 3.5 | 1.7 | 1.2 | 2.7 | -8.3% |
| Spain | 1.6 | 2.2 | 3.1 | 2.7 | 19.1% |
| Germany | 1.8 | 1.6 | 1.9 | 1.6 | -3.9% |
| Brazil | 2.8 | 0.4 | 0.2 | 0.2 | -58.5% |
| Ireland | N/A | N/A | 4.0 | N/A | 0% |
| Others | 6.8 | 8.5 | 8.7 | 10.0 | 13.7% |
| Total | 22.7 | 19.5 | 26.5 | 24.2 | 2.2% |
Top Export Markets for Nitrile-Function Compounds from Italy in 2022:
- France (918.2 tons)
- Spain (227.4 tons)
- Netherlands (172.4 tons)
- United States (118.7 tons)
- Germany (54.7 tons)
- Brazil (11.8 tons)
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