Italy: Winding Wire Market 2025

Winding Wire Market Size in Italy

The Italian winding wire market soared to $X in 2022, growing by 25% against the previous year. Over the period under review, consumption showed a strong increase. Winding wire consumption peaked in 2022 and is expected to retain growth in years to come.

Winding Wire Production in Italy

In value terms, winding wire production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 76%. Over the period under review, production attained the peak level in 2022 and is likely to continue growth in the near future.

Winding Wire Exports

Exports from Italy

In 2022, approx. X tons of winding wire for electrical purposes were exported from Italy; declining by -12.6% on 2021 figures. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports contracted notably to $X in 2022. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Slovenia (X tons) and Slovakia (X tons) were the main destinations of winding wire exports from Italy, together comprising 41% of total exports. Poland, Turkey, Hungary, Croatia, France, Romania, the Czech Republic, Spain, Portugal and Tunisia lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +6.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Slovakia ($X) appeared to be the largest markets for winding wire exported from Italy worldwide, with a combined 38% share of total exports. Poland, Turkey, Romania, France, Hungary, Croatia, the Czech Republic, Tunisia, Portugal and Spain lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, Tunisia, with a CAGR of +8.8%, 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

In 2022, the average winding wire export price amounted to $X per ton, with a decrease of -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Croatia ($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 Poland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Italy

In 2022, purchases abroad of winding wire for electrical purposes increased by 5.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, winding wire imports contracted to $X in 2022. In general, imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and Sweden (X tons) were the main suppliers of winding wire imports to Italy, with a combined 56% share of total imports. Serbia, Slovakia, China, Austria, Turkey and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +351.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Serbia ($X) appeared to be the largest winding wire suppliers to Italy, together comprising 49% of total imports.

Among the main suppliers, Serbia, with a CAGR of +404.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, declining by -14.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :