Italy: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Italy

In 2021, the Italian glass fibre mat market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a perceptible slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Mat Production in Italy

In value terms, glass fibre mat production rose modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Italy

In 2021, shipments abroad of glass fibre mats decreased by less than X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports reached $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), France (X tons) and Germany (X tons) were the main destinations of glass fibre mat exports from Italy, with a combined X% share of total exports. Croatia, the United States, Spain, the Czech Republic, Portugal, the UK, Austria, Canada, Belgium and Turkey lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Croatia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre mat exported from Italy were South Korea ($X), Germany ($X) and France ($X), together accounting for X% of total exports. The United States, Portugal, Spain, Croatia, Canada, the UK, Belgium, Turkey, the Czech Republic and Austria lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded 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

In 2021, the average glass fibre mat export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to Croatia ($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 Turkey (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Italy

In 2021, the amount of glass fibre mats imported into Italy skyrocketed to X tons, rising by X% against 2020. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

France (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of glass fibre mat imports to Italy, with a combined X% share of total imports. China, Egypt, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and China ($X) appeared to be the largest glass fibre mat suppliers to Italy, with a combined X% share of total imports. Thailand, Egypt, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further X the main suppliers, Egypt, with a CAGR of +X%, saw 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 mat import price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Market Intelligence Platform

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