Italy: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Italy

The Italian tufted textile fabric market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tufted Textile Fabric Production in Italy

In value terms, tufted textile fabric production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Tufted Textile Fabric Exports

Exports from Italy

In 2022, shipments abroad of tufted textile fabrics increased by X% to X square meters, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, tufted textile fabric exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X square meters) was the main destination for tufted textile fabric exports from Italy, accounting for a X% share of total exports. Moreover, tufted textile fabric exports to India exceeded the volume sent to the second major destination, Sweden (X square meters), fourfold. Vietnam (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Vietnam (X% per year).

In value terms, India ($X) emerged as the key foreign market for tufted textile fabrics exports from Italy, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average tufted textile fabric export price amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Greece ($X per square meter) was amongst the lowest.

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

Tufted Textile Fabric Imports

Imports into Italy

In 2022, the amount of tufted textile fabrics imported into Italy skyrocketed to X square meters, jumping by X% against the previous year's figure. Over the period under review, imports, however, recorded a dramatic decline. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tufted textile fabric imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) was the main supplier of tufted textile fabric to Italy, accounting for a X% share of total imports. It was followed by Spain (X square meters), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to Italy, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

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

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2022, dropping by X% against the previous year. In general, the import price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2021, and then fell dramatically 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 ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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