Italy: Prepared Binders Market 2024

Prepared Binders Market Size in Italy

In 2022, the Italian prepared binders market decreased by X% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption saw a sharp contraction. Prepared binders consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Binders Production in Italy

In value terms, prepared binders production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then fell modestly in the following year.

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Prepared Binders Exports

Exports from Italy

In 2022, overseas shipments of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated prominent 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, prepared binders exports surged to $X in 2022. Overall, total exports indicated a prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Austria (X tons), Slovenia (X tons) and the Czech Republic (X tons) were the main destinations of prepared binders exports from Italy, together accounting for X% of total exports. Mexico, France, India, Croatia, Spain, Serbia, Germany, Sweden, Turkey and Tunisia lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Sweden ($X) and Spain ($X) appeared to be the largest markets for prepared binders exported from Italy worldwide, with a combined X% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Prepared Binders Imports

Imports into Italy

In 2022, imports of prepared binders for foundry moulds or cores into Italy soared to X tons, jumping by X% compared with the previous year's figure. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared binders imports skyrocketed to $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2017 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

In 2022, Vietnam (X tons) constituted the largest supplier of prepared binders to Italy, with a X% share of total imports. Moreover, prepared binders imports from Vietnam exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

In value terms, Germany ($X), Vietnam ($X) and Spain ($X) constituted the largest prepared binders suppliers to Italy, together comprising X% of total imports.

In terms of the main suppliers, Vietnam, 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 prepared binders import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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