Italy: Aluminium Bar Market 2024

Aluminium Bar Market Size in Italy

In 2021, the Italian aluminium bar market increased by 1,357% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Bar Production in Italy

In value terms, aluminium bar production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +116.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Aluminium bar production peaked in 2021 and is expected to retain growth in the near future.

Aluminium Bar Exports

Exports from Italy

In 2021, shipments abroad of aluminium bars, rods and profiles was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar exports soared to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for aluminium bar exports from Italy, with a 36% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.8% per year) and Belgium (+9.2% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Italy, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Belgium, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.7% per year) and Belgium (+9.6% per year).

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, jumping by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were the United States ($X per ton) and the UK ($X per ton), while the average price for exports to Denmark ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Italy

In 2021, supplies from abroad of aluminium bars, rods and profiles increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, aluminium bar imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aluminium bar to Italy, accounting for a 23% share of total imports. Moreover, aluminium bar imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.5% per year) and Poland (+25.5% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium bars, rods and profiles to Italy, comprising 26% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.9% share of total imports. It was followed by Switzerland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+25.3% per year) and Switzerland (+12.4% per year).

Import Prices by Country

In 2021, the average aluminium bar import price amounted to $X per ton, surging by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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