Italy: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Italy

The Italian glass fibre mat market declined to $X in 2022, which is down by -13.1% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.4% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Production in Italy

In value terms, glass fibre mat production shrank to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The growth pace was the most rapid in 2016 with an increase of 2,147%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports from Italy

In 2022, shipments abroad of glass fibre mats was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, glass fibre mat exports fell modestly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 15%. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

France (X tons), South Korea (X tons) and Germany (X tons) were the main destinations of glass fibre mat exports from Italy, with a combined 53% share of total exports. Croatia, the United States, Spain, China, Belgium, Portugal, the Czech Republic, the UK, Austria and Canada lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +70.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre mat exported from Italy were South Korea ($X), Germany ($X) and France ($X), with a combined 49% share of total exports. The United States, China, Portugal, Spain, Croatia, Canada, the UK, Belgium, the Czech Republic and Austria lagged somewhat behind, together comprising a further 31%.

Croatia, with a CAGR of +54.1%, recorded the highest growth rate of the value of exports, among 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 glass fibre mat export price amounted to $X per ton, dropping by -2.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Italy

In 2022, approx. X tons of glass fibre mats were imported into Italy; which is down by -12.3% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +16.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, glass fibre mat imports declined remarkably to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +25.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

France (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of glass fibre mat imports to Italy, with a combined 65% share of total imports. China, Egypt, the Czech Republic, Belgium, Turkey and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +110.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Italy were Germany ($X), France ($X) and China ($X), together accounting for 71% of total imports. Thailand, Egypt, the Czech Republic, Belgium, Turkey and the UK lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Egypt, with a CAGR of +108.2%, 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 glass fibre mat import price amounted to $X per ton, declining by -5.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 the UK ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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