Italy: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Italy

The Italian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose to $X in 2021, increasing by 4.6% against the previous year. In general, consumption showed a mild contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Italy

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles dropped notably to $X in 2021 estimated in export price. In general, production faced a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 102%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Italy

Exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Italy rose slightly to X tons in 2021, surging by 4.1% on 2020. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reached $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Italy, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +14.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Italy were France ($X), Spain ($X) and Germany ($X), together accounting for 61% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +13.7%, 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 export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, surging by 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 an increase of 8.8%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Slovakia ($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 Belgium (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Italy

After two years of decline, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 24% to X tons in 2021. The total import volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Malaysia (X tons) and Turkey (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Italy, with a combined 48% share of total imports. Slovakia, Egypt, France, China, the Netherlands, the Czech Republic, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +35.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Italy were Belgium ($X), Malaysia ($X) and Slovakia ($X), together accounting for 42% of total imports. These countries were followed by Turkey, France, the UK, Egypt, China, the Czech Republic, the Netherlands and Taiwan (Chinese), which together accounted for a further 41%.

Egypt, with a CAGR of +33.8%, saw 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 import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 the UK ($X per ton), while the price for Egypt ($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 UK (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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