Italy: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Italy

In 2021, the Italian base metal flexible tubing market decreased by -0.1% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a slight decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in Italy

In value terms, base metal flexible tubing production reduced rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of 41%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Italy

After three years of growth, overseas shipments of base metal flexible tubing, iron or steel decreased by -37.2% to X tons in 2021. Overall, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted significantly in the following year.

In value terms, base metal flexible tubing exports expanded to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for base metal flexible tubing exports from Italy, with a 39% share of total exports. Moreover, base metal flexible tubing exports to Germany exceeded the volume sent to the second major destination, France (X tons), fivefold. Sweden (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.8% per year) and Sweden (+3.7% per year).

In value terms, Germany ($X) remains the key foreign market for base metal flexible tubing, iron or steel exports from Italy, comprising 42% of total exports. The second position in the ranking was held by France ($X), with a 7.6% share of total exports. It was followed by the United States, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.1% per year) and the United States (+17.0% per year).

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, growing by 63% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Libya ($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 Turkey (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Italy

In 2021, imports of base metal flexible tubing, iron or steel into Italy soared to X tons, picking up by 43% against the previous year. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Turkey (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of base metal flexible tubing imports to Italy, together accounting for 70% of total imports. Bulgaria, Israel, Serbia and Germany lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +297.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Bulgaria ($X) constituted the largest base metal flexible tubing suppliers to Italy, together accounting for 54% of total imports. Germany, the Netherlands, Israel and Serbia lagged somewhat behind, together comprising a further 15%.

Serbia, with a CAGR of +253.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal flexible tubing import price amounted to $X per ton, falling by -21.2% against the previous year. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Serbia ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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