Italy: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Italy

The Italian market for plastic hoses and hose fittings skyrocketed to $X in 2021, surging by 20% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in Italy

In value terms, plastic hose and hose fitting production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Hoses and Hose Fittings

Exports from Italy

For the eighth consecutive year, Italy recorded growth in shipments abroad of plastic hoses and hose fittings, which increased by 19% to X tons in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.3% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 increased by +97.6% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of plastic hose and hose fitting exports from Italy, together comprising 36% of total exports. These countries were followed by Turkey, Switzerland, Belgium, Sweden, the Netherlands, Serbia, Poland, Austria, Morocco and the United States, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from Italy were Germany ($X), France ($X) and Turkey ($X), together accounting for 37% of total exports.

Turkey, with a CAGR of +24.9%, saw 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 export price for plastic hoses and hose fittings amounted to $X per ton, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Serbia ($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 Poland (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Italy

In 2021, overseas purchases of plastic hoses and hose fittings were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest plastic hose and hose fitting supplier to Italy, with a 35% share of total imports. Moreover, plastic hose and hose fitting imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.0% per year) and Turkey (+3.2% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic hoses and hose fittings to Italy, comprising 37% of total imports. The second position in the ranking was held by France ($X), with a 6.3% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.1% per year) and China (+10.9% per year).

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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