Italy: Plaster Article Market 2024

Plaster Article Market Size in Italy

The Italian plaster article market skyrocketed to $X in 2021, with an increase of 17% against the previous year. Over the period under review, consumption, however, saw a mild shrinkage. Plaster article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Plaster Article Production in Italy

In value terms, plaster article production skyrocketed to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Italy

Plaster article exports from Italy skyrocketed to X tons in 2021, increasing by 35% compared with the year before. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern 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.

In value terms, plaster article exports soared to $X in 2021. The total export value increased at an average annual rate of +1.4% 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 2018 when exports increased by 21%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and Croatia (X tons) were the main destinations of plaster article exports from Italy, with a combined 77% share of total exports. Lebanon, Cyprus, Algeria, Switzerland, Hong Kong SAR, Malta and Egypt lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from Italy were France ($X), Spain ($X) and Hong Kong SAR ($X), with a combined 60% share of total exports.

Hong Kong SAR, with a CAGR of +26.4%, recorded the highest growth rate of the value of exports, among 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 plaster article export price amounted to $X per ton, shrinking by -14.5% against the previous year. In general, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Lebanon ($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 Egypt (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Italy

In 2021, purchases abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach 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 +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster article imports surged to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.8% against 2016 indices. As a result, imports reached 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 plaster article to Italy, accounting for a 52% share of total imports. Moreover, plaster article imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.2% per year) and Austria (+23.9% per year).

In value terms, Germany ($X) constituted the largest supplier of plaster article to Italy, comprising 53% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.6% per year) and China (+13.9% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, growing by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 an increase of 27%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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