Italy: Abrasives Market 2024

Abrasives Market Size in Italy

In 2021, the Italian abrasives market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a slight decline. Abrasives consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Abrasives Production in Italy

In value terms, abrasives production expanded sharply to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. Abrasives production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Abrasives Exports

Exports from Italy

In 2021, approx. X tons of abrasives (natural) were exported from Italy; rising by 23% against 2020 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 197%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, abrasives exports rose remarkably to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 72% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Slovenia (X tons) and Croatia (X tons) were the main destinations of abrasives exports from Italy, together accounting for 59% of total exports. These countries were followed by the United Arab Emirates, France, Albania, Spain, the Czech Republic and Algeria, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +64.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Slovenia ($X) and Switzerland ($X) constituted the largest markets for abrasives exported from Italy worldwide, together accounting for 51% of total exports.

The United Arab Emirates, with a CAGR of +50.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average abrasives export price amounted to $X per ton, with a decrease of -7.7% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+1.6%), while the prices for the other major destinations experienced a decline.

Abrasives Imports

Imports into Italy

In 2021, the amount of abrasives (natural) imported into Italy soared to X tons, increasing by 20% on 2020 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, abrasives imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest abrasives supplier to Italy, with a 53% share of total imports. Moreover, abrasives imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.5% per year) and Turkey (-2.2% per year).

In value terms, China ($X) constituted the largest supplier of abrasives (natural) to Italy, comprising 51% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by the United States, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and the United States (-1.2% per year).

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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