Italy: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Italy

In 2020, the Italian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible curtailment. Iron, steel or aluminium reservoir consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Italy

In value terms, iron, steel or aluminium reservoir production surged to $X in 2020 estimated in export prices. In general, production showed a noticeable contraction. Iron, steel or aluminium reservoir production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Italy

In 2020, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the fourth consecutive year after five years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. Over the period under review, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Italy, together accounting for X% of total exports. These countries were followed by Egypt, Austria, the U.S., Belgium, Hungary, Bahrain, Ukraine, Romania, the UK and South Korea, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Italy were France ($X), Germany ($X) and the U.S. ($X), together comprising X% of total exports. Belgium, Spain, Austria, South Korea, Hungary, Egypt, the UK, Romania, Bahrain and Ukraine lagged somewhat behind, together comprising a further X the main countries of destination, Hungary saw 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

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was South Korea ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Italy

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons for the first time since 2013, thus ending a six-year rising trend. Overall, total imports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at X tons in 2019, and then reduced slightly in the following year.

In value terms, iron, steel or aluminium reservoir imports declined modestly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Italy, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) were the largest iron, steel or aluminium reservoir suppliers to Italy, with a combined X% share of total imports. The UK, Austria, Spain, Poland, Romania, the Czech Republic, Portugal, the United Arab Emirates, Slovenia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X and Herzegovina recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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