Italy: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Italy

After two years of growth, the Italian ferro-cerium and pyrophoric alloys market decreased by -4.6% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Italy

In value terms, ferro-cerium and pyrophoric alloys production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Italy

In 2021, the amount of ferro-cerium and pyrophoric alloys exported from Italy reduced to X tons, falling by -5.9% against the previous year's figure. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports amounted to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 91% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Italy, accounting for a 42% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Slovenia exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+85.3% per year) and Spain (+11.2% per year).

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Italy were Slovenia ($X), Peru ($X) and the United States ($X), together comprising 40% of total exports.

The United States, with a CAGR of +31.5%, recorded 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 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, with an increase of 9.9% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 54%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

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 Peru ($X per ton), while the average price for exports to Slovenia ($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 Greece (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Italy

Ferro-cerium and pyrophoric alloys imports into Italy skyrocketed to X tons in 2021, growing by 45% on the year before. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 57%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Italy, together comprising 59% of total imports. The Netherlands, Serbia, Poland and France lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +186.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Italy, comprising 42% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+48.2% per year) and the Netherlands (+3.1% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, falling by -4.1% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price decreased by -16.4% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 58%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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