Italy: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Italy

The Italian worked wax articles market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Worked Wax Articles Production in Italy

In value terms, worked wax articles production soared to $X in 2022 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Worked Wax Articles Exports

Exports from Italy

In 2022, worked wax articles exports from Italy declined sharply to X units, dropping by X% compared with the year before. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked wax articles exports soared to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was 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 2022 and are likely to see steady growth in the near future.

Exports by Country

Spain (X units), El Salvador (X units) and Taiwan (Chinese) (X units) were the main destinations of worked wax articles exports from Italy, together comprising X% of total exports. Qatar, Switzerland, Iran, Japan, Turkey, Chile, Thailand, Malaysia and Mauritius lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for worked wax articles exported from Italy were Turkey ($X), Spain ($X) and Malaysia ($X), together accounting for X% of total exports. Qatar, Mauritius, Switzerland, El Salvador, Chile, Iran, Thailand, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Qatar, 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 worked wax articles export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Italy

In 2022, the amount of worked articles of wax imported into Italy reached X units, increasing by X% against 2021. Over the period under review, total imports indicated notable 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. 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, worked wax articles imports expanded slightly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Belgium (X units) and Spain (X units) were the main suppliers of worked wax articles imports to Italy, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of worked articles of wax to Italy, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average worked wax articles import price amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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