Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy - 2023

Contents:

1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy (CIF) - 2023
2. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy (FOB) - 2023
3. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy
4. Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy (CIF) - 2023

In December 2023, the average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses amounted to $7,737 per ton, with an increase of 3.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 an increase of 15% m-o-m. The import price peaked at $8,390 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($4,768 per ton), while the price for China stood at $3,644 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy (FOB) - 2023

The average export price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $4,537 per ton in December 2023, increasing by 26% against the previous month. Overall, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in June 2023 when the average export price increased by 65% m-o-m. As a result, the export price reached the peak level of $11,211 per ton. From July 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($21,845 per ton), while the average price for exports to Algeria ($1,419 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy

In 2022, supplies from abroad of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses decreased by -7.3% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. As a result, imports attained the peak of 25K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses skyrocketed to $130M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Italy in 2022:

1. Germany (8.3K tons)
2. Belgium (7.6K tons)
3. China (2.5K tons)
4. South Korea (0.6K tons)
5. Netherlands (0.5K tons)
6. Sweden (0.5K tons)
7. France (0.4K tons)

Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Italy

In 2022, shipments abroad of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses was finally on the rise to reach 775 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible descent.

In value terms, exports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses rose markedly to $6M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, the exports reached the peak of $8.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms from Italy in 2022:

1. Spain (83.8 tons)
2. Portugal (76.5 tons)
3. Armenia (59.0 tons)
4. Poland (53.6 tons)
5. Argentina (43.0 tons)
6. India (37.4 tons)
7. Germany (37.1 tons)
8. Algeria (33.5 tons)
9. Turkey (30.5 tons)
10. Mexico (23.9 tons)
11. Egypt (23.9 tons)
12. Austria (18.2 tons)
13. Switzerland (16.6 tons)

Source: IndexBox Market Intelligence Platform