Italy: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Italy

The Italian market for rigid tubes, pipes and hoses of polymers of vinyl chloride was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Italy

In value terms, vinyl chloride polymer rigid pipes production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Italy

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -18.6% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, vinyl chloride polymer rigid pipes exports rose modestly to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Italy, accounting for a 49% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to France exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was taken by Switzerland (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.7% per year) and Switzerland (+1.6% per year).

In value terms, France ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Italy, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total exports. It was followed by Switzerland, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.8% per year) and Switzerland (+3.4% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Italy

After three years of growth, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -5.2% to X tons in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, vinyl chloride polymer rigid pipes imports fell sharply to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Serbia (X tons), Romania (X tons) and Spain (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Italy, together comprising 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +73.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Italy, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Serbia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at +98.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Serbia (+37.5% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, waning by -13.9% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +34.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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