Italy: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Italy

The Italian market for tube or pipe fittings (of iron or steel) surged to $X in 2022, rising by 35% against the previous year. In general, consumption recorded a strong expansion. Iron or steel tube fitting consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Italy

In value terms, iron or steel tube fitting production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 26%. Iron or steel tube fitting production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Italy

In 2022, overseas shipments of tube or pipe fittings (of iron or steel) were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2017 when exports increased by 6.9%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports rose rapidly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 15%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main destinations of iron or steel tube fitting exports from Italy, with a combined 34% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +9.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for iron or steel tube fitting exported from Italy worldwide, with a combined 33% share of total exports. The Netherlands, the UK, Saudi Arabia, China, Poland, Spain, Turkey, Canada, the United Arab Emirates and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +6.7%, 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 export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Czech Republic (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Italy

In 2022, purchases abroad of tube or pipe fittings (of iron or steel) increased by 19% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel tube fitting to Italy, with a 44% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.5% per year) and Germany (-8.0% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Italy, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Spain, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Spain (-4.5% per year).

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, picking up by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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