Updated Nov 22, 2022 16:20

Market for Refractory Products of Siliceous or Diatomite Earths in Italy

Market Overview
For the third consecutive year, the Italian market for refractory products of siliceous or diatomite earths recorded decline in sales value, which decreased by -% to $ in . In general, consumption continues to indicate a deep downturn. 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, production of refractory products of siliceous or diatomite earths rose markedly to $ in estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The growth pace was the most rapid in 2018 when the production volume increased by %. Over the period under review, production of reached the peak level at $ in 2008; however, from 2009 to , production remained at a lower figure.


Consumption
In , approx. tons of refractory products of siliceous or diatomite earths were consumed in Italy; waning by -% against figures. In general, consumption recorded a abrupt curtailment. Over the period under review, consumption of attained the peak volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The revenue of the market for refractory products of siliceous or diatomite earths in Italy declined to $ in , which is down 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 recorded a abrupt curtailment. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for refractory products of siliceous or diatomite earths 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
Over the period under review, the share of imports in terms of total refractory products of siliceous or diatomite earths consumption in Italy was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Italy refractory products of siliceous or diatomite earths market is largely supplied by domestic manufacturers. 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 refractory products of siliceous or diatomite earths; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.