Italy: Safety Glass Market 2024

Safety Glass Market Size in Italy

In 2022, after three years of growth, there was significant decline in the Italian safety glass market, when its value decreased by -19.1% to $X. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Safety Glass Production in Italy

In value terms, safety glass production fell significantly to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 243% against the previous year. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Safety Glass Exports

Exports from Italy

In 2022, safety glass exports from Italy reduced to X square meters, shrinking by -2.4% compared with 2021 figures. In general, exports showed a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of 9.2%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, safety glass exports fell to $X in 2022. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X square meters), France (X square meters) and Spain (X square meters) were the main destinations of safety glass exports from Italy, together comprising 52% of total exports. These countries were followed by Poland, the UK, Slovakia, Portugal, Belgium, Greece, Slovenia, Austria, Turkey and Romania, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety glass exported from Italy were Germany ($X), France ($X) and Spain ($X), together accounting for 52% of total exports. The UK, Poland, Belgium, Turkey, Slovenia, Slovakia, Romania, Austria, Greece and Portugal lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Romania, with a CAGR of +17.9%, recorded the highest rates of growth with regard to 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 safety glass export price stood at $X per square meter in 2021, growing by 6.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 6.8%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Italy

Safety glass imports into Italy declined to X square meters in 2022, which is down by -6.3% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 21%. Imports peaked at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, safety glass imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X square meters), Turkey (X square meters) and Germany (X square meters) were the main suppliers of safety glass imports to Italy, with a combined 59% share of total imports. The Czech Republic, Poland, Spain, Belgium, the UK, Bulgaria, France, Thailand and Ukraine lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +132.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Turkey ($X) were the largest safety glass suppliers to Italy, with a combined 41% share of total imports. The Czech Republic, Poland, Belgium, Spain, France, the UK, Bulgaria, Thailand and Ukraine lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, Thailand, with a CAGR of +92.2%, recorded the highest growth rate of 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

The average safety glass import price stood at $X per square meter in 2021, with an increase of 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per square meter), while the price for Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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