Italy: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Italy

The Italian mill rolling roll market shrank significantly to $X in 2022, with a decrease of -89.2% against the previous year. In general, consumption saw a significant decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Mill Rolling Roll Production in Italy

In value terms, mill rolling roll production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 314% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mill Rolling Roll Exports

Exports from Italy

In 2022, overseas shipments of rolls for rolling mills increased by 87% to X units, rising for the sixth consecutive year after three years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 110%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mill rolling roll exports rose to $X in 2022. In general, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and Spain (X units) were the main destinations of mill rolling roll exports from Italy, with a combined 52% share of total exports. Poland, Russia, India, France, Turkey, Luxembourg, Switzerland, Romania, Mexico and China lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Spain ($X) were the largest markets for mill rolling roll exported from Italy worldwide, with a combined 47% share of total exports. Poland, India, France, Russia, Turkey, Luxembourg, Mexico, Switzerland, Romania and China lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Poland, with a CAGR of +17.0%, saw 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 mill rolling roll export price stood at $X per unit in 2022, dropping by -44.6% against the previous year. Over the period under review, the export price showed a sharp setback. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Turkey ($X per unit), while the average price for exports to Russia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-18.7%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Italy

In 2022, approx. less than X units of rolls for rolling mills were imported into Italy; leveling off at 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 2,391% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mill rolling roll imports surged to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Spain (X units) and Austria (X units) were the main suppliers of mill rolling roll imports to Italy, with a combined 39% share of total imports. South Korea, Slovenia, Sweden, Luxembourg, France, Turkey, India, Ukraine, the UK and China lagged somewhat behind, together accounting for a further 49%.

From 2015 to 2018, the biggest increases were recorded for India (with a CAGR of +76.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mill rolling roll suppliers to Italy were Germany ($X), Spain ($X) and South Korea ($X), together comprising 39% of total imports. Austria, Slovenia, Sweden, Luxembourg, France, Turkey, India, Ukraine, the UK and China lagged somewhat behind, together accounting for a further 49%.

Among the main suppliers, India, with a CAGR of +54.4%, 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 2018, the average mill rolling roll import price amounted to $X per unit, increasing by 2,178% against the previous year. In general, the import price, however, showed a abrupt decrease. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, amid the top importers, the countries with the highest prices were Ukraine ($X per unit) and Turkey ($X per unit), while the price for China ($X per unit) and Slovenia ($X per unit) were amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by India (-12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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