Italy: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Italy

After two years of decline, the Italian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X in 2020. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by X% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2020, consumption failed to regain momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Italy

In value terms, iron, steel or aluminium reservoir production soared to $X in 2020 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Italy

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X units, rising for the fourth consecutive year after four years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir exports fell to $X in 2020. In general, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of iron, steel or aluminium reservoir exports from Italy, with a combined X% share of total exports. Egypt, Austria, the United States, Belgium, Hungary, Bahrain, Ukraine, Romania, the UK and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Italy were France ($X), Germany ($X) and the United States ($X), with a combined X% share of total exports. Belgium, Spain, Austria, South Korea, Hungary, Egypt, the UK, Romania, Bahrain and Ukraine lagged somewhat behind, together accounting for a further X%.

Bahrain, 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

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, with a decrease of X% against the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Italy

After six years of growth, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units in 2020. Overall, total imports indicated a temperate expansion from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2019, and then reduced in the following year.

In value terms, iron, steel or aluminium reservoir imports shrank to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2020, Turkey (X units) constituted the largest iron, steel or aluminium reservoir supplier to Italy, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Italy were Turkey ($X), Germany ($X) and China ($X), together accounting for X% of total imports. The UK, Austria, Spain, Poland, Romania, the Czech Republic, Portugal, the United Arab Emirates, Slovenia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Bosnia and Herzegovina, 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 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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