Italy: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Italy

In 2021, the Italian double or complex silicates market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Double Or Complex Silicates in Italy

In value terms, double or complex silicates production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23%. Double or complex silicates production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Italy

In 2021, exports of double or complex silicates from Italy declined slightly to X tons, shrinking by -4.5% against the previous year. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 265% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, double or complex silicates exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 645% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for double or complex silicates exports from Italy, accounting for a 80% share of total exports. Moreover, double or complex silicates exports to China exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.9% per year) and the UK (-8.2% per year).

In value terms, China ($X) remains the key foreign market for double or complex silicates exports from Italy, comprising 88% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.8% share of total exports. It was followed by the UK, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +144.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.7% per year) and the UK (+11.1% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, picking up by 47% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($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 Kuwait (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Italy

In 2021, purchases abroad of double or complex silicates was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, double or complex silicates imports surged to $X in 2021. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) constituted the largest supplier of double or complex silicates to Italy, with a 35% share of total imports. Moreover, double or complex silicates imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled +75.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.7% per year) and China (+2.2% per year).

In value terms, the United States ($X) constituted the largest supplier of double or complex silicates to Italy, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Germany (+5.9% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, standing approx. at the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +77.6% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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