Italy: Silicates Market 2024

Silicates Market Size in Italy

The Italian silicates market fell remarkably to $X in 2021, waning by -66% against the previous year. Over the period under review, consumption saw a precipitous descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silicates Production in Italy

In value terms, silicates production shrank sharply to $X in 2021 estimated in export price. Overall, production recorded a significant contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 666%. Silicates production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silicates Exports

Exports from Italy

In 2021, silicates exports from Italy surged to X tons, growing by 55% on 2020. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 70%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, silicates exports skyrocketed to $X in 2021. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for silicates exports from Italy, accounting for a 53% share of total exports. Moreover, silicates exports to France exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Slovenia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+32.9% per year) and Slovenia (+0.0% per year).

In value terms, France ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Italy, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Slovenia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.4% per year) and Slovenia (+0.8% per year).

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, surging by 13% against the previous year. In general, the export price, however, saw a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the average price for exports to the Netherlands ($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 Hungary (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into Italy

In 2021, approx. X tons of silicates, commercial alkali metal silicates were imported into Italy; picking up by 29% on the previous year. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates imports soared to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of silicates to Italy, accounting for a 56% share of total imports. Moreover, silicates imports from Ukraine exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.3% per year) and the Netherlands (+0.5% per year).

In value terms, the largest silicates suppliers to Italy were Ukraine ($X), the Netherlands ($X) and Germany ($X), together comprising 69% of total imports. Poland, Belgium, France, Egypt, Spain and Greece lagged somewhat behind, together accounting for a further 23%.

France, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicates import price amounted to $X per ton, surging by 6.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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