Italy: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Italy

The Italian scouring pastes and powders market fell markedly to $X in 2021, which is down by -60.6% against the previous year. Over the period under review, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Scouring Pastes And Powders in Italy

In value terms, scouring pastes and powders production dropped sharply to $X in 2021 estimated in export price. In general, production faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Scouring Pastes And Powders

Exports from Italy

In 2021, the amount of scouring pastes and powders exported from Italy declined sharply to X tons, falling by -20.3% compared with the year before. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, scouring pastes and powders exports expanded significantly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons), Greece (X tons) and Turkey (X tons) were the main destinations of scouring pastes and powders exports from Italy, together accounting for 26% of total exports. Germany, France, Belgium, Taiwan (Chinese), Portugal, the Netherlands, Hong Kong SAR, Poland, Egypt and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +33.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scouring pastes and powders exported from Italy were Greece ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together comprising 22% of total exports.

Hong Kong SAR, with a CAGR of +20.7%, recorded the highest growth rate of the value of exports, in terms of 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

The average scouring pastes and powders export price stood at $X per ton in 2021, with an increase of 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Belgium ($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 Taiwan (Chinese) (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Italy

In 2021, overseas purchases of scouring pastes and powders were finally on the rise to reach X tons after two years of decline. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 296%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, scouring pastes and powders imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value 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. Based on 2021 figures, imports increased by +35.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 83% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of scouring pastes and powders imports to Italy, with a combined 91% share of total imports. These countries were followed by Croatia, Germany, France and the Netherlands, which together accounted for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +166.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of scouring pastes and powders to Italy, comprising 41% of total imports. The second position in the ranking was held by Hungary ($X), with a 20% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+27.7% per year) and Spain (+73.2% per year).

Import Prices by Country

In 2021, the average scouring pastes and powders import price amounted to $X per ton, surging by 2.7% against the previous year. In general, the import price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for Spain ($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 Netherlands (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :