Italy: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Italy

In 2022, the Italian metal liquid fuel appliances market increased by 0.3% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +92.0% against 2020 indices. Metal liquid fuel appliances consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Italy

In value terms, metal liquid fuel appliances production surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt slump. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Italy

In 2022, the amount of iron or steel liquid fuel domestic appliances exported from Italy skyrocketed to X units, jumping by 77% compared with the year before. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 136%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal liquid fuel appliances exports skyrocketed to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +151.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 133% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X units), Switzerland (X units) and Greece (X units) were the main destinations of metal liquid fuel appliances exports from Italy, with a combined 81% share of total exports. Israel, Albania, Slovenia, Turkey and Belgium lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +95.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for iron or steel liquid fuel domestic appliances exports from Italy, comprising 52% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 24% share of total exports. It was followed by Greece, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+25.7% per year) and Greece (+62.9% per year).

Export Prices by Country

The average metal liquid fuel appliances export price stood at $X per unit in 2022, falling by -7.2% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 28%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Italy

In 2022, supplies from abroad of iron or steel liquid fuel domestic appliances increased by 6.2% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% 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 +74.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports rose remarkably to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of metal liquid fuel appliances imports to Italy, together accounting for 83% of total imports. Spain, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to Italy, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Spain, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and Spain (+33.1% per year).

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

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 Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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