Italy: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Italy

In 2021, the Italian non-domestic dryer market increased by 45% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Non-Domestic Dryer Production in Italy

In value terms, non-domestic dryer production surged to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 71%. Non-domestic dryer production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Non-Domestic Dryer Exports

Exports from Italy

In 2021, overseas shipments of non-domestic dryers decreased by -12% to X units, falling for the fourth consecutive year after six years of growth. In general, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -45.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-domestic dryer exports fell to $X in 2021. Over the period under review, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), the United States (X units) and Spain (X units) were the main destinations of non-domestic dryer exports from Italy, with a combined 34% share of total exports. Poland, Germany, Brazil, Russia, the UK, Belgium, Turkey, India, China and the Czech Republic lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-domestic dryer exported from Italy were the United States ($X), France ($X) and Spain ($X), with a combined 32% share of total exports. Germany, China, Russia, Poland, the UK, Belgium, Brazil, India, Turkey and the Czech Republic lagged somewhat behind, together comprising a further 33%.

China, with a CAGR of +16.4%, 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 2021, the average non-domestic dryer export price amounted to $X per unit, surging by 7.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 China ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Italy

In 2021, non-domestic dryer imports into Italy surged to X units, increasing by 40% compared with the previous year. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 104%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, non-domestic dryer imports surged to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 79%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of non-domestic dryer imports to Italy, together accounting for 52% of total imports. These countries were followed by Spain, Thailand, Turkey, Austria, Belgium, the Netherlands, Ukraine, Switzerland, the UK and Poland, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +57.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic dryer suppliers to Italy were the United States ($X), Spain ($X) and China ($X), together accounting for 59% of total imports. These countries were followed by Germany, Belgium, Thailand, the Netherlands, Austria, Switzerland, the UK, Turkey, Poland and Ukraine, which together accounted for a further 32%.

In terms of the main suppliers, Thailand, with a CAGR of +45.1%, recorded 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

In 2021, the average non-domestic dryer import price amounted to $X per unit, growing by 17% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-domestic dryer import price increased by +70.3% against 2017 indices. The growth pace was the most rapid in 2019 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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