Italy: Copper Screw Market 2024

Copper Screw Market Size in Italy

The Italian copper screw market declined significantly to $X in 2021, waning by -31.6% against the previous year. In general, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 7.2% against the previous year. Copper screw consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Copper Screw Production in Italy

In value terms, copper screw production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Copper Screw Exports

Exports from Italy

In 2021, after two years of decline, there was significant growth in overseas shipments of copper screws, bolts and nuts, when their volume increased by 18% to X tons. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, copper screw exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for copper screw exports from Italy, accounting for a 31% share of total exports. Moreover, copper screw exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+2.5% per year) and France (+6.5% per year).

In value terms, Germany ($X) remains the key foreign market for copper screws, bolts and nuts exports from Italy, comprising 27% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 10% share of total exports. It was followed by France, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+3.9% per year) and France (+9.5% per year).

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, surging by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($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 Poland (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Italy

In 2021, approx. X tons of copper screws, bolts and nuts were imported into Italy; therefore, remained relatively stable against 2020 figures. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 46%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, copper screw imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 42% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Germany (X tons) and France (X tons) were the main suppliers of copper screw imports to Italy, with a combined 65% share of total imports. These countries were followed by China, Poland, Algeria, Slovakia and Taiwan (Chinese), which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +386.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper screw suppliers to Italy were India ($X), Germany ($X) and China ($X), with a combined 61% share of total imports. These countries were followed by Poland, France, Taiwan (Chinese), Algeria and Slovakia, which together accounted for a further 22%.

In terms of the main suppliers, Algeria, with a CAGR of +407.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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