Italy: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Italy

In 2022, the Italian uncoated felt paper market increased by 9.6% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Uncoated Felt Paper Production in Italy

In value terms, uncoated felt paper production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% 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 2014 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports from Italy

For the third consecutive year, Italy recorded decline in overseas shipments of uncoated felt paper and paperboard, which decreased by -10% to X tons in 2022. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports shrank rapidly to $X in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by 29% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Bulgaria (X tons) and Taiwan (Chinese) (X tons) were the main destinations of uncoated felt paper exports from Italy, with a combined 53% share of total exports. Greece, Egypt, Peru, Hungary, Poland, the UK, Spain and Austria lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Taiwan (Chinese) ($X) and Bulgaria ($X) constituted the largest markets for uncoated felt paper exported from Italy worldwide, together comprising 54% of total exports. Greece, Hungary, Peru, Egypt, Poland, the UK, Spain and Austria lagged somewhat behind, together accounting for a further 41%.

Greece, with a CAGR of +54.7%, recorded 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

The average uncoated felt paper export price stood at $X per ton in 2022, with a decrease of -16% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2018 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Egypt ($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 Austria (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Uncoated Felt Paper Imports

Imports into Italy

In 2022, purchases abroad of uncoated felt paper and paperboard was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 208%. Imports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, uncoated felt paper imports surged to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 112%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Saudi Arabia (X tons), the Czech Republic (X tons) and France (X tons) were the main suppliers of uncoated felt paper imports to Italy, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +593.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X), the Czech Republic ($X) and France ($X) constituted the largest uncoated felt paper suppliers to Italy, with a combined 73% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +144.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average uncoated felt paper import price stood at $X per ton in 2022, which is down by -11.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 55%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($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 mixed trend patterns.

Source: IndexBox Platform

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