Italy: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Italy

The Italian glass fibre fabrics market declined rapidly to $X in 2022, which is down by -18% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Glass Fibre Fabrics Production in Italy

In value terms, glass fibre fabrics production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% 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 2017 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Italy

In 2022, the amount of glass fibre fabrics exported from Italy contracted to X tons, with a decrease of -7% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, glass fibre fabrics exports dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of glass fibre fabrics exports from Italy, with a combined 34% share of total exports. Brazil, Tunisia, Austria, Switzerland, Hungary, the Netherlands, Turkey, the UK, the Czech Republic and the United States lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and France ($X) appeared to be the largest markets for glass fibre fabrics exported from Italy worldwide, with a combined 33% share of total exports. Spain, Turkey, the Czech Republic, the United States, Switzerland, Brazil, the UK, Austria, the Netherlands and Tunisia lagged somewhat behind, together accounting for a further 37%.

Brazil, with a CAGR of +16.6%, 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

The average glass fibre fabrics export price stood at $X per ton in 2022, declining by -7.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Brazil ($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 Hungary (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Italy

In 2022, approx. X tons of glass fibre fabrics were imported into Italy; dropping by -9.9% against the previous year. Over the period under review, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, glass fibre fabrics imports shrank remarkably to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +26.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

The Czech Republic (X tons), Romania (X tons) and Egypt (X tons) were the main suppliers of glass fibre fabrics imports to Italy, with a combined 41% share of total imports. Turkey, Hungary, Germany, Latvia, China, Croatia, Belgium, Bulgaria, Belarus and the United States lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +129.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics suppliers to Italy were the Czech Republic ($X), the United States ($X) and Germany ($X), with a combined 37% share of total imports. Hungary, Croatia, Turkey, China, Egypt, Latvia, Belgium, Romania, Belarus and Bulgaria lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Egypt, with a CAGR of +120.4%, 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

The average glass fibre fabrics import price stood at $X per ton in 2022, declining by -8.1% against the previous year. In general, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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