Ethyl acetate market in Italy

Earlier Report Observations

The ethyl acetate market in Italy began the period at 110.9 thousand tons in 2018, bolstered by rising demand from the flexible packaging industry and its role as an activator and hardener in paints and coatings. Market volume then eased to 102.8 thousand tons in 2019, a movement that coincided with price dynamics influenced by Chinese and European production, which likely affected import competition.

After a gap in reported data, the market jumped to 136.2 thousand tons in 2021, driven primarily by a sharp increase in imports. It then retreated to 110.7 thousand tons in 2022 and further to 104.6 thousand tons in 2023. During these years, global forecasts indicated growth in the acetic acid and derivatives sector, while European prices remained above Chinese levels, with costs linked to acetic acid and ethanol. The paints and coatings industry continued to anchor demand throughout the period.

Production ethyl acetate in Italy

In value, 2017-2020, K $ US

In Italy, ethyl acetate production was valued at 1,848 thousand US dollars in 2019, marking an 8.9% decline compared to 2018. Over the 2017-2019 period, production grew by 40.4%, with a compound annual growth rate of 12.0%. The peak value occurred in 2018 at 2,029 thousand US dollars, which also saw the largest increase of 54.2%.

Annual dynamics of production in Italy in value, 2017-2020, K $ US

In kind, 2017-2020, t

Italy's ethyl acetate production volume rose for the second consecutive year. In 2019, the country produced 2,298 tonnes, representing an 11.1% increase year-over-year. From 2017 to 2019, production expanded by 42.2%, with a compound annual growth rate of 12.5%.

Annual dynamics of production in Italy in kind, 2017-2020, t

Exports ethyl acetate from Italy

According to market reports, Italy did not export any ethyl acetate from 2017 to 2020.

Imports ethyl acetate to Italy

Imports in kind, K t

Italy's ethyl acetate import volume fell for the second year in a row. In 2020, imports totaled 87.3 thousand tonnes, showing a significant drop of 13.1% compared to the previous year. Between 2017 and 2020, imports decreased by 17.3%, translating to an annualized decline of 6.1%. The highest import volume was recorded in 2018 at 108.8 thousand tonnes, which also experienced the largest increase of 3.0%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, K t

From 2017 to 2020, Belgium, the United Kingdom, and India were the top sources for Italy's ethyl acetate imports by volume. Belgium accounted for 31.6% of imports, the United Kingdom for 21.0%, and India for 13.4%, collectively making up 66.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Ethyl acetate deliveries to Italy declined for the second consecutive year. In 2020, import value reached 75.0 million US dollars, reflecting a substantial decrease of 24.2% from the previous year. Over the 2017-2020 period, imports fell by 26.5%, with an annualized decline of 9.8%. The peak import value was in 2018 at 120.9 million US dollars, which also saw the largest increase of 18.4%.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

During 2017-2020, Belgium, the United Kingdom, and India dominated Italy's ethyl acetate imports in value terms. Together, these three markets accounted for 65.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020