Italy: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Italy

The Italian iron oxide pigment market declined to $X in 2023, shrinking by X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Iron Oxide Pigment Production in Italy

In value terms, iron oxide pigment production shrank remarkably to $X in 2023 estimated in export price. In general, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Iron Oxide Pigment Exports

Exports from Italy

In 2023, shipments abroad of iron oxide pigments decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, iron oxide pigment exports dropped rapidly to $X in 2023. Overall, exports saw a slight descent. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and the United States (X tons) were the main destinations of iron oxide pigment exports from Italy, with a combined X% share of total exports. Spain, Austria, Belgium, the Netherlands, Thailand, China, the UK, Portugal, Mexico and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for iron oxide pigment exported from Italy worldwide, with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the average iron oxide pigment export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron oxide pigment export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigment Imports

Imports into Italy

Iron oxide pigment imports into Italy dropped sharply to X tons in 2023, which is down by X% compared with 2022 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, iron oxide pigment imports fell to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of iron oxide pigment imports to Italy, with a combined X% share of total imports. China, Austria, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron oxide pigment suppliers to Italy were Germany ($X), France ($X) and China ($X), together comprising X% of total imports. Belgium, Spain, the Netherlands and Austria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, 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 2023, the average iron oxide pigment import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, 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 the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform