Italy: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Italy

In 2021, the Italian worked flat glass market increased by 110% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Worked Flat Glass Production in Italy

In value terms, worked flat glass production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 1,633% against the previous year. Worked flat glass production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Worked Flat Glass Exports

Exports from Italy

In 2021, the amount of worked flat glass exported from Italy amounted to X tons, remaining stable against the previous year. Overall, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.3% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 53%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, worked flat glass exports surged to $X in 2021. In general, exports, however, saw a pronounced contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for worked flat glass exports from Italy, accounting for a 43% share of total exports. Moreover, worked flat glass exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. The third position in this ranking was taken by France (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+6.5% per year) and France (+3.7% per year).

In value terms, Germany ($X) remains the key foreign market for worked flat glass exports from Italy, comprising 39% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 17% share of total exports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.9% per year) and France (-2.8% per year).

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, rising by 18% against the previous year. Overall, the export price, however, saw a abrupt decline. The export price peaked at $X per ton 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 Austria ($X per ton), while the average price for exports to Canada ($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 Austria (-1.4%), while the prices for the other major destinations experienced a decline.

Worked Flat Glass Imports

Imports into Italy

In 2021, supplies from abroad of worked flat glass was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports soared to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of worked flat glass to Italy, accounting for a 49% share of total imports. Moreover, worked flat glass imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.1% per year) and Romania (+64.8% per year).

In value terms, China ($X) constituted the largest supplier of worked flat glass to Italy, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and France (+20.4% per year).

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, growing by 3.9% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, worked flat glass import price increased by +79.7% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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