Italy: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Italy

In 2021, the Italian vulcanised rubber thread market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption showed a relatively flat trend pattern. Vulcanised rubber thread consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in Italy

In value terms, vulcanised rubber thread production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Italy

In 2021, after two years of growth, there was significant decline in overseas shipments of vulcanised rubber thread and cord, when their volume decreased by -23.4% to X tons. Overall, exports recorded a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 31%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports totaled $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber thread exports from Italy, with a 27% share of total exports. Moreover, vulcanised rubber thread exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. Tunisia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.0% per year) and Tunisia (+29.3% per year).

In value terms, Germany ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Italy, comprising 32% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 8.4% share of total exports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+6.9% per year) and France (-5.5% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, rising by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price attained 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 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Italy

In 2021, after two years of decline, there was significant growth in supplies from abroad of vulcanised rubber thread and cord, when their volume increased by 9.7% to X tons. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Turkey (X tons) were the main suppliers of vulcanised rubber thread imports to Italy, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +48.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to Italy were Thailand ($X), Malaysia ($X) and Turkey ($X), together accounting for 89% of total imports.

Turkey, with a CAGR of +48.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, surging by 35% against the previous year. Overall, the import price, however, saw a mild curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Malaysia ($X per ton), while the price for India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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