Italy: Woolen Yarn Market 2024

Woolen Yarn Market Size in Italy

In 2022, the Italian woolen yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Woolen Yarn Production in Italy

In value terms, woolen yarn production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Woolen yarn production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Woolen Yarn Exports

Exports from Italy

In 2022, shipments abroad of yarn of wool increased by X% to X tons, rising for the second consecutive year after seven years of decline. In general, exports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, woolen yarn exports amounted to $X in 2022. Over the period under review, exports, however, saw a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and Portugal (X tons) were the main destinations of woolen yarn exports from Italy, with a combined X% share of total exports. Turkey, Romania, Hong Kong SAR, France, the Netherlands, Bulgaria, Tunisia, the Czech Republic, Spain and China 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 the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from Italy were Hong Kong SAR ($X), Germany ($X) and the UK ($X), together accounting for X% of total exports. Romania, Turkey, Portugal, France, China, Bulgaria, Tunisia, Spain, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Portugal, 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

In 2022, the average woolen yarn export price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while the average price for exports to the Netherlands ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Italy

In 2022, overseas purchases of yarn of wool increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a mild setback. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, woolen yarn imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X tons), Poland (X tons) and Bulgaria (X tons) were the main suppliers of woolen yarn imports to Italy, together comprising X% of total imports. The Czech Republic, China, India, Thailand, Lithuania, Germany and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), China ($X) and Poland ($X) were the largest woolen yarn suppliers to Italy, with a combined X% share of total imports. Bulgaria, the Czech Republic, Thailand, India, Lithuania, Germany and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average woolen yarn import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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