Italy: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Italy

The Italian aluminium alloy wire market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in Italy

In value terms, aluminium alloy wire production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Aluminium alloy wire production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Aluminium Alloy Wire Exports

Exports from Italy

In 2022, approx. X tons of aluminium alloy wire were exported from Italy; stabilizing at 2021. In general, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy wire exports reached $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and China (X tons) were the main destinations of aluminium alloy wire exports from Italy, with a combined X% share of total exports. Sweden, Australia, Spain, Turkey, Poland, Mexico, the Netherlands, Hong Kong SAR, the UK and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for aluminium alloy wire exported from Italy were Germany ($X), China ($X) and France ($X), together comprising X% of total exports. Australia, Sweden, Turkey, Poland, Spain, the Netherlands, Hong Kong SAR, Mexico, Brazil and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Mexico, with a CAGR of X%, 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

The average aluminium alloy wire export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

Aluminium Alloy Wire Imports

Imports into Italy

Aluminium alloy wire imports into Italy skyrocketed to X tons in 2022, increasing by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy wire imports surged to $X in 2022. Overall, imports, however, saw a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of aluminium alloy wire imports to Italy, together comprising X% of total imports. Spain, Belgium, Poland, Canada, China, Switzerland, the Netherlands, Hungary, Turkey and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Vietnam ($X) and the United States ($X) were the largest aluminium alloy wire suppliers to Italy, with a combined X% share of total imports. Spain, Belgium, Poland, Canada, China, Switzerland, the Netherlands, Hungary, Turkey and the UK lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 UK ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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