Italy: Travel Set Market 2024

Travel Set Market Size in Italy

The Italian travel set market reached $X in 2021, with an increase of 14% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. 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.

Travel Set Production in Italy

In value terms, travel set production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2019 with an increase of 366% against the previous year. Travel set production peaked at $X in 2020, and then fell notably in the following year.

Travel Set Exports

Exports from Italy

In 2021, the amount of travel sets exported from Italy shrank significantly to X units, reducing by -19.2% on the previous year's figure. Overall, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when exports increased by 52% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, travel set exports reduced modestly to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for travel set exports from Italy, accounting for a 38% share of total exports. Moreover, travel set exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), threefold. The United States (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.3% per year) and the United States (-14.2% per year).

In value terms, the largest markets for travel set exported from Italy were France ($X), the Netherlands ($X) and Germany ($X), together accounting for 45% of total exports.

The Netherlands, with a CAGR of +24.7%, saw 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 2021, the average travel set export price amounted to $X per unit, rising by 19% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, travel set export price increased by +47.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Italy

In 2021, overseas purchases of travel sets were finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a noticeable decline. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, travel set imports surged to $X in 2021. Overall, imports, however, continue to indicate a slight contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Germany (X units) were the main suppliers of travel set imports to Italy, with a combined 79% share of total imports. The Netherlands, Bulgaria, Poland, Belgium and Slovenia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest travel set suppliers to Italy were China ($X), Spain ($X) and Germany ($X), with a combined 65% share of total imports. These countries were followed by Bulgaria, the Netherlands, Slovenia, Poland and Belgium, which together accounted for a further 26%.

Bulgaria, with a CAGR of +74.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, growing by 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 Slovenia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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