Italy: Plastic Headgear Market 2024

Plastic Headgear Market Size in Italy

In 2022, after two years of decline, there was significant growth in the Italian plastic headgear market, when its value increased by 24% to $X. Overall, consumption recorded tangible growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Plastic Headgear Production in Italy

In value terms, plastic headgear production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.2%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Plastic Headgear Exports

Exports from Italy

In 2022, shipments abroad of headgear of rubber or plastic increased by 37% to X units, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +108.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic headgear exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Algeria (X units), Germany (X units) and France (X units) were the main destinations of plastic headgear exports from Italy, together comprising 44% of total exports. The UK, Spain, Croatia, Poland, the Netherlands, Portugal, Greece, Luxembourg, Slovenia and the Czech Republic lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +46.0%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and France ($X) appeared to be the largest markets for plastic headgear exported from Italy worldwide, with a combined 32% share of total exports. The UK, Poland, Luxembourg, Algeria, Greece, Croatia, the Czech Republic, the Netherlands, Portugal and Slovenia lagged somewhat behind, together accounting for a further 36%.

Luxembourg, with a CAGR of +72.2%, saw the highest rates of growth with regard to 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 plastic headgear export price amounted to $X per unit, waning by -10.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic headgear export price decreased by -12.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Headgear Imports

Imports into Italy

In 2022, purchases abroad of headgear of rubber or plastic increased by 38% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic headgear imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 48%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest plastic headgear supplier to Italy, accounting for a 69% share of total imports. Moreover, plastic headgear imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. France (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.3% per year) and France (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of headgear of rubber or plastic to Italy, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.3% per year) and France (+10.6% per year).

Import Prices by Country

In 2022, the average plastic headgear import price amounted to $X per unit, reducing by -8.3% against the previous year. Over the period under review, the import price, however, recorded moderate growth. The growth pace was the most rapid in 2019 when the average import price increased by 58%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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