Italy: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Italy

In 2023, the Italian market for palmitic acid, stearic acid, their salts and esters decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, recorded buoyant growth. Consumption of peaked at $X in 2022, and then declined in the following year.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Italy

In value terms, production of palmitic acid, stearic acid, their salts and esters declined sharply to $X in 2023 estimated in export price. In general, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2022, and then shrank dramatically in the following year.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Italy

In 2023, shipments abroad of palmitic acid, stearic acid, their salts and esters decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters reduced notably to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then reduced rapidly in the following year.

Exports by Country

France (X tons), Germany (X tons) and Russia (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Italy, together comprising X% of total exports. Mexico, Spain, Malaysia, Turkey, Austria, Romania, the United States, Poland, the UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for palmitic acid, stearic acid, their salts and esters exported from Italy were France ($X), Germany ($X) and Spain ($X), with a combined X% share of total exports. Mexico, Turkey, the United States, Russia, Romania, Poland, Malaysia, the Netherlands, the UK and Austria lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2023, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, waning by X% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for palmitic acid, stearic acid, their salts and esters increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Italy

In 2023, the amount of palmitic acid, stearic acid, their salts and esters imported into Italy surged to X tons, increasing by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters declined slightly to $X in 2023. Overall, total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then declined modestly in the following year.

Imports by Country

Germany (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Italy, together comprising X% of total imports. Spain, the UK, Indonesia, Colombia, France and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Italy were Germany ($X), Spain ($X) and the Netherlands ($X), with a combined X% share of total imports. Malaysia, France, the UK, Belgium, Indonesia and Colombia lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform