Italy: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Italy

The Italian stainless steel household articles market stood at $X in 2022, with an increase of 5.8% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Stainless steel household articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Italy

In value terms, stainless steel household articles production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 74% against the previous year. Stainless steel household articles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Italy

In 2022, stainless steel household articles exports from Italy dropped to X units, which is down by -8.9% against the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, stainless steel household articles exports fell to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 32%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of stainless steel household articles exports from Italy, with a combined 46% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel household articles exported from Italy were the United States ($X), Germany ($X) and France ($X), together comprising 48% of total exports.

Germany, with a CAGR of +12.3%, saw the highest rates of growth with regard to 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

In 2022, the average stainless steel household articles export price amounted to $X per unit, falling by -2.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 8.5%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Italy

In 2022, stainless steel household articles imports into Italy fell to X units, with a decrease of -9.9% against 2021. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, stainless steel household articles imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel household articles supplier to Italy, with a 56% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Turkey (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Turkey (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Italy, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and Turkey (+15.6% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, growing by 2.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 3.8% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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