Italy: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Italy

The Italian market for wiring sets used in vehicles, aircraft or ships soared to $X in 2021, rising by 83% against the previous year. Overall, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wiring sets used in vehicles, aircraft or ships in Italy

In value terms, production of wiring sets used in vehicles, aircraft or ships surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 98% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Italy

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships decreased by -6.6% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 33%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.4% against 2015 indices. The pace of growth was the most pronounced in 2019 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

France (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Italy, with a 36% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to France exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Romania (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.6% per year) and Romania (-7.5% per year).

In value terms, France ($X), Austria ($X) and the UK ($X) were the largest markets for wiring sets used in vehicles, aircraft or ships exported from Italy worldwide, with a combined 37% share of total exports. Poland, Brazil, Germany, Turkey, Spain, Romania, Hungary, China, Finland and Moldova lagged somewhat behind, together comprising a further 49%.

In terms of the main countries of destination, Hungary, with a CAGR of +35.6%, 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 export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 25% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for wiring sets used in vehicles, aircraft or ships increased by +53.0% against 2019 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Italy

Imports of wiring sets used in vehicles, aircraft or ships into Italy expanded sharply to X tons in 2021, increasing by 13% compared with 2020. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 54% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Tunisia (X tons), Morocco (X tons) and Poland (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Italy, with a combined 61% share of total imports. Spain, Turkey, Romania, Portugal and India lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Italy were Morocco ($X), Tunisia ($X) and Poland ($X), together accounting for 56% of total imports. Spain, Romania, Turkey, Portugal and India lagged somewhat behind, together accounting for a further 26%.

Spain, with a CAGR of +38.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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