Italy: Propellant Powders Market 2024

Propellant Powders Market Size in Italy

The Italian propellant powders market fell slightly to $X in 2021, declining by -2.9% against the previous year. Over the period under review, consumption, however, recorded a deep downturn. Propellant powders consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Propellant Powders Production in Italy

In value terms, propellant powders production dropped sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Propellant powders production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Propellant Powders Exports

Exports from Italy

In 2021, approx. X tons of propellant powders were exported from Italy; with an increase of 51% on 2020 figures. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 99% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports soared to $X in 2021. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 174%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for propellant powders exports from Italy, with a 55% share of total exports. Moreover, propellant powders exports to France exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.4% per year) and Russia (-2.8% per year).

In value terms, France ($X) remains the key foreign market for propellant powders exports from Italy, comprising 71% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports. It was followed by Russia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.6% per year) and Russia (-1.8% per year).

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, growing by 48% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 France (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Propellant Powders Imports

Imports into Italy

In 2021, purchases abroad of propellant powders increased by 50% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, propellant powders imports surged to $X in 2021. The total import value increased at an average annual rate of +5.7% 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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of propellant powders to Italy, accounting for a 61% share of total imports. Moreover, propellant powders imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.8% per year) and Spain (-2.4% per year).

In value terms, France ($X) constituted the largest supplier of propellant powders to Italy, comprising 44% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Switzerland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.7% per year) and Switzerland (+20.1% per year).

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, dropping by -6.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Finland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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