Updated Mar 10, 2023 01:14

Clay Market in Italy

Market Overview
In , the Italian clay market increased by % to $, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a mild downturn. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.

In value terms, clay production contracted modestly to $ in estimated in export price. Overall, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. Clay production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , consumption of clays increased by % to tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a perceptible curtailment. As a result, consumption attained the peak volume of tons. From 2011 to , the growth of the consumption remained at a somewhat lower figure.

The revenue of the clay market in Italy skyrocketed to $ in , surging by % against 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). Overall, consumption, however, continues to indicate a mild descent. Over the period under review, the market reached the maximum level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.


Consumption by Type
Clays for construction and industrial use ( tons), fireclay ( tons) and kaolin and kaolinic clays ( tons) were the main products of clay consumption in Italy, together accounting for % of the total volume.

From 2007 to , the biggest increases were recorded for kaolin and kaolinic clays (with a CAGR of -%), while consumption for the other products experienced a decline.

In value terms, clays with the largest market size in Italy were clays for construction and industrial use ($), kaolin and kaolinic clays ($) and fireclay ($), with a combined % share of the total market.

In terms of the main consumed products, clays for construction and industrial use, with a CAGR of +%, saw the highest rates of growth with regard to market size over the period under review, while market for the other products experienced a decline.


Market Forecast
Depressed by shrinking demand for clay in Italy, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
Driven by a growing demand, the share of imports in total supply in Italy increased significantly over the last fifteen years (from % to %). Clay market in Italy consists almost entirely of imported products.


Trade Balance
Italy remains a net importer of clay; 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.