Italy: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Italy

The Italian rubber-to-metal and moulded article market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption continues to indicate slight growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Rubber-to-Metal and Moulded Articles in Italy

In value terms, rubber-to-metal and moulded article production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Rubber-to-metal and moulded article production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Italy

Rubber-to-metal and moulded article exports from Italy amounted to X tons in 2021, growing by 12% compared with the previous year. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 14%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for rubber-to-metal and moulded article exports from Italy, accounting for a 23% share of total exports. Moreover, rubber-to-metal and moulded article exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.0% per year) and Poland (-2.2% per year).

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Italy, comprising 31% of total exports. The second position in the ranking was held by France ($X), with a 7.2% share of total exports. It was followed by Spain, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.5% per year) and Spain (+2.6% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, rising by 6.6% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 9%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Italy

In 2021, overseas purchases of rubber-to-metal and moulded articles were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber-to-metal and moulded article to Italy, with a 41% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Turkey (+15.4% per year).

In value terms, Germany ($X), China ($X) and France ($X) constituted the largest rubber-to-metal and moulded article suppliers to Italy, together comprising 46% of total imports. Belgium, Sweden, Spain, Turkey, Poland, India, Thailand and Sri Lanka lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Belgium, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, rising by 9.9% against the previous year. In general, the import price, however, saw a slight decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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