Italy: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Italy

In 2021, the Italian bituminous mixtures market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bituminous mixtures consumption peaked in 2021 and is likely to see steady growth in years to come.

Bituminous Mixtures Production in Italy

In value terms, bituminous mixtures production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. Bituminous mixtures production peaked in 2021 and is likely to see gradual growth in the immediate term.

Bituminous Mixtures Exports

Exports from Italy

In 2021, after two years of decline, there was significant growth in overseas shipments of bituminous mixtures, when their volume increased by 7.7% to X tons. Over the period under review, exports recorded perceptible growth. The pace of growth was the most pronounced in 2018 when exports increased by 190% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, bituminous mixtures exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 126%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), Croatia (X tons) and Austria (X tons) were the main destinations of bituminous mixtures exports from Italy, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +61.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bituminous mixtures exported from Italy were Cyprus ($X), Croatia ($X) and Austria ($X), together accounting for 64% of total exports.

Among the main countries of destination, Cyprus, with a CAGR of +36.7%, saw the highest rates of growth with regard to the value of exports, 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 bituminous mixtures export price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Slovenia ($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 France (-0.8%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Italy

In 2021, approx. X tons of bituminous mixtures were imported into Italy; with a decrease of -7% compared with the previous year. In general, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of 76% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, bituminous mixtures imports rose significantly to $X in 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 +39.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 32% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest bituminous mixtures supplier to Italy, accounting for a 50% share of total imports. Moreover, bituminous mixtures imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.3% per year) and France (+6.6% per year).

In value terms, Germany ($X) constituted the largest supplier of bituminous mixtures to Italy, comprising 44% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.0% per year) and France (-1.8% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, increasing by 19% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 28%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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