Italy: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Italy

The Italian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined modestly to $X in 2022, which is down by -1.6% against the previous year. Over the period under review, consumption showed a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Italy

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted slightly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Production of peaked at $X in 2021, and then contracted slightly in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Italy

In 2022, after two years of growth, there was decline in overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume decreased by -2.6% to X square meters. Overall, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X square meters. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Over the period under review, exports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of 84% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X square meters), Germany (X square meters) and Austria (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Italy, together comprising 35% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +51.2%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Greece ($X) appeared to be the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Italy worldwide, with a combined 33% share of total exports. Spain, Croatia, Poland, Slovenia, Turkey, Albania, France, Serbia and Hungary lagged somewhat behind, together comprising a further 52%.

Among the main countries of destination, Poland, with a CAGR of +28.5%, recorded the highest growth rate of 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 export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Italy

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 17% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 60%. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 43%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X square meters), Germany (X square meters) and Belgium (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Italy, together accounting for 76% of total imports. China, Algeria, Spain, Poland, Luxembourg and the Czech Republic lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Italy were Germany ($X), France ($X) and Belgium ($X), together accounting for 71% of total imports. China, Poland, Algeria, Spain, Luxembourg and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Poland, with a CAGR of +18.7%, 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

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 5.3% against the previous year. In general, the import price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform