Italy: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Italy

In 2023, the Italian base metal clasp market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a resilient increase. Base metal clasp consumption peaked in 2023 and is likely to continue growth in years to come.

Base Metal Clasp Production in Italy

In value terms, base metal clasp production rose notably to $X in 2023 estimated in export price. In general, production showed notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Base Metal Clasp Exports

Exports from Italy

In 2023, base metal clasp exports from Italy dropped to X tons, with a decrease of X% on 2022. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, base metal clasp exports rose rapidly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), France (X tons) and Romania (X tons) were the main destinations of base metal clasp exports from Italy, together comprising X% of total exports. Spain, Bulgaria, Poland, Slovakia, Tunisia, Hungary, the Czech Republic, Turkey, Portugal and Serbia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for articles such as clasps, frames with clasps, parts of base metal exports from Italy, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Germany (X% per year).

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal clasp export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into Italy

In 2023, approx. X tons of articles such as clasps, frames with clasps, parts of base metal were imported into Italy; rising by X% compared with the previous year. Overall, total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal clasp imports skyrocketed to $X in 2023. Over the period under review, imports recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, Poland (X tons) constituted the largest base metal clasp supplier to Italy, with a X% share of total imports. Moreover, base metal clasp imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, China ($X), Poland ($X) and France ($X) constituted the largest base metal clasp suppliers to Italy, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal clasp import price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal clasp import price increased by X% against 2020 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted sharply in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform