Updated Oct 18, 2022 01:51

Non-Reinforced Rubber Tubing Market in Italy

Market Overview
The Italian non-reinforced rubber tubing market soared to $ in , rising 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). Over the period under review, consumption, however, saw a abrupt shrinkage. Non-reinforced rubber tubing consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.

In value terms, non-reinforced rubber tubing production skyrocketed to $ in estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of %. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
Non-reinforced rubber tubing consumption in Italy declined to tons in , with a decrease of -% compared with the previous year's figure. Over the period under review, consumption continues to indicate a abrupt descent. Non-reinforced rubber tubing consumption peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.

The size of the non-reinforced rubber tubing market in Italy fell to $ in , with a decrease of -% 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). In general, consumption showed a abrupt slump. Non-reinforced rubber tubing consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for non-reinforced rubber tubing in Italy, the market is expected to continue its downward consumption trend over the next eight-year period. 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
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 exporter of non-reinforced rubber tubing; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.