Quinones market in Italy

Earlier Report Observations

Between 2018 and 2020, Italy's quinones trade showed dynamic movements. Imports rose significantly from 6 228 thousand US dollars in 2018 to 9 215 thousand in 2019, before a slight moderation to 8 714 thousand in 2020. Exports followed a steady upward trajectory during this period, increasing from 1 082 thousand dollars to 1 697 thousand, indicating growing international trade activity for these chemicals.

Available data for 2021 and 2022 reveals a period of market growth. Domestic production increased from 12 069 thousand dollars to 12 683 thousand, while the total market size expanded from 19 588 thousand to 20 233 thousand dollars. This growth was supported by stable import levels hovering near 9 900 thousand dollars and a slight dip in exports, which bolstered domestic market volume.

A sharp market correction occurred by 2024. Production plummeted to 4 684 thousand dollars and the market size contracted to 7 619 thousand dollars, accompanied by lower imports and a rise in exports. This downturn coincided with the introduction of stringent new labeling and packaging regulations, such as the Ministerial Decree of 18 October 2024, which increased compliance costs and affected supply chains. Concurrent shifts in consumer preferences towards natural, sustainable products and broader global geopolitical tensions impacting raw material availability and trade further influenced market dynamics.

Production quinones in Italy

According to Faostat, there is no production of quinones in Italy.

Exports quinones from Italy

Exports in kind, t

Italy's quinones exports have grown for the third consecutive year. In 2020, the country exported 31.8 tonnes of quinones, marking a sharp increase of 164.8% compared to 2019. Over the period from 2017 to 2020, exports rose by 262.3%, with a compound annual growth rate of 53.6%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Germany, France, and Switzerland were the leading destinations for Italy's quinones exports in volume terms. Germany accounted for 36.2% of exports, France for 21.0%, and Switzerland for 10.5%. Together, these three countries represented 67.7% of total export flows.

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

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

Italy's quinones exports in value terms have increased for the second consecutive year. In 2020, exports reached 1 697 thousand US dollars, showing a moderate uptick of 6.2% year-over-year. However, between 2017 and 2020, overall exports decreased by 44.5%, equating to an annualized decline of 17.8%. The lowest value was recorded in 2018 at 1 082 thousand US dollars, with the largest decline of 64.6% occurring that year. In contrast, the largest increase of 47.8% was observed in 2019.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

Between 2017 and 2020, Switzerland, Austria, and Germany were the three principal markets for Italy's quinones exports in value terms, collectively accounting for 78.4% of total exports.

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

World map of product's exports from Italy in value, 2017-2020

Imports quinones to Italy

Imports in kind, t

Italy's quinones imports in volume terms saw a robust contraction in 2020, with total imports amounting to 198.4 tonnes, down by 17.2% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 12%, equating to an annualized decline of 4.2%. The lowest volume was recorded in 2018 at 192.3 tonnes, while the highest was in 2019 at 239.6 tonnes, with the largest increase of 24.6% occurring that year.

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

From 2017 to 2020, China and the Netherlands were the core markets for Italy's quinones imports in volume terms, jointly accounting for 84.3% of total flows. Other destinations had comparatively modest shares during this period.

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, K $ US

After two years of growth, Italy's quinones imports in value terms declined in 2020. Imports totaled 8 714 thousand US dollars, down by 5.4% compared to the previous year. Over the period from 2017 to 2020, imports increased by 53.3%, with a compound annual growth rate of 15.3%. The highest value was recorded in 2019 at 9 215 thousand US dollars, with the largest increase of 48.0% occurring that year.

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

Between 2017 and 2020, China, Germany, and the Netherlands were the three main markets for Italy's quinones imports in value terms, together absorbing 73.2% of total imports.

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

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