Italy"s paraffin market has exhibited dynamic shifts in trade volumes and pricing from 2021 to 2024. A critical look at the data reveals a nuanced picture of import and export activities within this commodity sector. In 2024, Italy imported approximately 38. 5 million kg of paraffin, valued at about $48. 97 million. This marks a notable decrease in both volume and value compared to 2023, where imports were higher at 46. 8 million kg, valued at $55. 69 million.

The declining trend since 2022 suggests a tightening in the demand for foreign paraffin products or an increase in domestic production efficiency. On the export side, Italy"s paraffin exports surged to nearly 60 million kg in 2024, generating a substantial $77. 62 million. This growth from 52 million kg in 2023, valued at $71. 48 million, underscores Italy"s strengthening position as a paraffin exporter. Notably, 2022 exports stood at 36. 1 million kg, highlighting a significant upward trajectory in recent years. Price fluctuations over these years reflect broader market dynamics.

The average price per kg for imports decreased from $1. 19 in 2022 to $1. 27 in 2024. Conversely, export prices have remained robust, with a slight rise from $1. 98 per kg in 2022 to $1. 29 in 2024, indicating competitive pricing strategies to maintain market share. This evolving landscape of Italy"s paraffin market highlights the country"s strategic efforts in balancing import costs while boosting export revenues. Businesses aiming to engage with Italy"s petroleum market should consider these trends for strategic planning and market entry.

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