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Kaolinitic Clays Market in Italy

Market Overview
In , the Italian kaolinitic clays market decreased by -% to $, falling for the second consecutive year after two years of growth. In general, consumption saw a perceptible setback. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, kaolinitic clays production shrank to $ in estimated in export price. In general, production, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by %. Italy production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.


Consumption
In , consumption of kaolinitic clays (ball and plastic clays) decreased by -% to tons, falling for the fourth consecutive year after five years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2019 to , the growth of the consumption remained at a somewhat lower figure.

The revenue of the kaolinitic clays market in Italy declined to $ in , flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
The kaolinitic clays market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Italy domestic supply is expected to continue its growth. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Italy remains a net importer of kaolinitic clays; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.