Italy: Carbides Market 2024

Carbides Market Size in Italy

The Italian carbides market reduced to $X in 2022, which is down by -5.1% against the previous year. Overall, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Carbides Production in Italy

In value terms, carbides production fell modestly to $X in 2022 estimated in export price. In general, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by 2.5%. Carbides production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Italy

In 2022, approx. X tons of carbides were exported from Italy; rising by 46% on the year before. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbides exports skyrocketed to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for carbides exports from Italy, accounting for a 33% share of total exports. Moreover, carbides exports to France exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+13.7% per year) and Poland (+25.7% per year).

In value terms, Singapore ($X), Germany ($X) and the Czech Republic ($X) constituted the largest markets for carbides exported from Italy worldwide, with a combined 47% share of total exports. Poland, France, Spain, Turkey and Slovenia lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Turkey, with a CAGR of +32.4%, recorded 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

The average carbides export price stood at $X per ton in 2022, with a decrease of -12.7% against the previous year. Over the period under review, the export price showed a noticeable reduction. The growth pace was the most rapid in 2019 when the average export price increased by 29%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Italy

In 2022, supplies from abroad of carbides increased by 3.7% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbides imports soared to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of carbides imports to Italy, together comprising 45% of total imports. Austria, the Czech Republic, Switzerland, Russia, Ukraine, Slovakia, Brazil, the Netherlands, Turkey and Belgium lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +101.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbides suppliers to Italy were Austria ($X), Germany ($X) and China ($X), with a combined 58% share of total imports. Romania, the Czech Republic, Russia, Turkey, Ukraine, Slovakia, Switzerland, Brazil, the Netherlands and Belgium lagged somewhat behind, together comprising a further 30%.

Turkey, with a CAGR of +127.9%, saw 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

The average carbides import price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides import price increased by +89.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 31%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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