Italy: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Italy

The Italian market for wood boxes, crates and cable drums contracted to $X in 2022, which is down by -13.1% against the previous year. Overall, consumption showed a slight reduction. Wood box and cable drum consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Wood Boxes, Crates and Cable Drums in Italy

In value terms, wood box and cable drum production dropped notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 89%. Wood box and cable drum production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Italy

In 2022, approx. X units of wood boxes, crates and cable drums were exported from Italy; remaining stable against the previous year. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, wood box and cable drum exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X units), Switzerland (X units) and Belgium (X units) were the main destinations of wood box and cable drum exports from Italy, together accounting for 47% of total exports. France, the Netherlands, Spain, Austria, the United States, Poland, Sweden, the Czech Republic and Romania lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and Belgium ($X) appeared to be the largest markets for wood box and cable drum exported from Italy worldwide, with a combined 47% share of total exports. France, the Netherlands, Spain, Austria, the United States, Poland, Sweden, the Czech Republic and Romania lagged somewhat behind, together comprising a further 40%.

The Netherlands, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, stabilizing at the previous year. Overall, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and Romania ($X per unit), while the average price for exports to France ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-4.4%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Italy

In 2022, the amount of wood boxes, crates and cable drums imported into Italy rose markedly to X units, surging by 14% against 2021. Overall, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 when imports increased by 35% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wood box and cable drum imports soared to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +93.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Spain (X units) constituted the largest wood box and cable drum supplier to Italy, accounting for a 27% share of total imports. Moreover, wood box and cable drum imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Bulgaria (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.2% per year) and Bulgaria (-3.0% per year).

In value terms, Spain ($X) constituted the largest supplier of wood boxes, crates and cable drums to Italy, comprising 27% of total imports. The second position in the ranking was taken by Poland ($X), with a 9% share of total imports. It was followed by Bulgaria, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.4% per year) and Bulgaria (+2.3% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, with an increase of 6% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood box and cable drum import price increased by +71.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and Poland ($X per unit), while the price for Latvia ($X per unit) and Bulgaria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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