Italy: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Italy

In 2022, the Italian plastic ornamental articles market increased by 85% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Plastic ornamental articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plastic Ornamental Articles Production in Italy

In value terms, plastic ornamental articles production soared to $X in 2022 estimated in export price. In general, production, however, faced a sharp decrease. Plastic ornamental articles production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Italy

In 2022, overseas shipments of statuettes and other ornamental articles of plastic increased by 17% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles exports rose slightly to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), France (X tons) and Switzerland (X tons) were the main destinations of plastic ornamental articles exports from Italy, with a combined 52% share of total exports. Austria, Poland, Spain, the United States, Greece, China, Slovenia, Bulgaria, the UK and Russia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +24.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United States ($X) constituted the largest markets for plastic ornamental articles exported from Italy worldwide, together accounting for 33% of total exports. Switzerland, Bulgaria, China, Spain, Poland, Austria, the UK, Greece, Slovenia and Russia lagged somewhat behind, together comprising a further 39%.

Bulgaria, with a CAGR of +50.4%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average plastic ornamental articles export price amounted to $X per ton, which is down by -11.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Italy

In 2022, overseas purchases of statuettes and other ornamental articles of plastic increased by 17% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, plastic ornamental articles imports soared to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Italy, with a 69% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.6% per year) and Germany (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Italy, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.1% share of total imports. It was followed by France, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.9% per year) and France (+13.7% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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