Italy: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in Italy

For the sixth year in a row, the Italian metal chain parts market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption faced a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Metal Chain Parts Production in Italy

In value terms, metal chain parts production contracted markedly to $X in 2023 estimated in export price. In general, production saw a dramatic slump. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Metal Chain Parts Exports

Exports from Italy

Metal chain parts exports from Italy surged to X tons in 2023, rising by X% compared with 2022 figures. In general, exports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in years to come.

In value terms, metal chain parts exports soared to $X in 2023. Over the period under review, exports saw tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for metal chain parts exports from Italy, with a X% share of total exports. Moreover, metal chain parts exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Russia (X% per year).

In value terms, the largest markets for metal chain parts exported from Italy were Brazil ($X), the United States ($X) and Japan ($X), together comprising X% of total exports.

Brazil, with a CAGR of X%, saw 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 2023, the average metal chain parts export price amounted to $X per ton, with a decrease of X% against the previous year. In general, export price indicated moderate growth from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the average 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 Japan ($X per ton), while the average price for exports to Portugal ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Parts Imports

Imports into Italy

In 2023, approx. X tons of parts of chains of iron or steel were imported into Italy; with a decrease of X% compared with the year before. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain parts imports shrank to $X in 2023. Overall, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal chain parts imports to Italy, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal chain parts suppliers to Italy were France ($X), Germany ($X) and China ($X), with a combined X% share of total imports. India, Austria, Taiwan (Chinese), Spain, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded 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

In 2023, the average metal chain parts import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then reduced slightly in the following year.

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

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

Source: IndexBox Platform