Italy: Wire And Cable Market 2024

Wire And Cable Market Size in Italy

The Italian wire and cable market surged to $X in 2022, growing by X% against the previous year. In general, consumption recorded a slight expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Wire And Cable Production in Italy

In value terms, wire and cable production expanded to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Wire And Cable Exports

Exports from Italy

In 2022, approx. X tons of insulated wire and cable were exported from Italy; shrinking by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, wire and cable exports rose to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wire and cable exports from Italy, accounting for a X% share of total exports. Moreover, wire and cable exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) remains the key foreign market for insulated wire and cable exports from Italy, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

Wire And Cable Imports

Imports into Italy

In 2022, overseas purchases of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, wire and cable imports stood at $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of wire and cable imports to Italy, with a combined X% share of total imports. Tunisia, France, Morocco, Romania, Portugal, Turkey, Poland, Switzerland, Serbia and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest wire and cable suppliers to Italy were Germany ($X), Tunisia ($X) and China ($X), together accounting for X% of total imports. Morocco, Spain, Poland, Romania, France, Turkey, Serbia, Switzerland, Portugal and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average wire and cable import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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