Italy: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Italy

The Italian non-woven glass fibre articles market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Italy

In value terms, non-woven glass fibre articles production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Italy

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were exported from Italy; increasing by 18% compared with the previous year's figure. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 52%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons) was the main destination for non-woven glass fibre articles exports from Italy, with a 28% share of total exports. Moreover, non-woven glass fibre articles exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.1% per year) and the Netherlands (+64.1% per year).

In value terms, the largest markets for non-woven glass fibre articles exported from Italy were Germany ($X), the UK ($X) and China ($X), with a combined 36% share of total exports.

Among the main countries of destination, China, with a CAGR of +66.4%, recorded 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

The average non-woven glass fibre articles export price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 China (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Italy

In 2021, after two years of decline, there was significant growth in supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards, when their volume increased by 30% to X tons. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, 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, non-woven glass fibre articles imports soared to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, 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, Slovenia (X tons) constituted the largest supplier of non-woven glass fibre articles to Italy, accounting for a 37% share of total imports. Moreover, non-woven glass fibre articles imports from Slovenia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Slovenia amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+10.6% per year) and China (+15.9% per year).

In value terms, China ($X), Slovenia ($X) and Belgium ($X) appeared to be the largest non-woven glass fibre articles suppliers to Italy, with a combined 53% share of total imports. Hungary, Germany, Latvia, Switzerland, Austria, Taiwan (Chinese), France, Sweden, the Czech Republic and Turkey lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Austria, with a CAGR of +35.9%, 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

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, picking up by 5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 an increase of 11%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Latvia ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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