Updated Mar 14, 2023 01:50

Market for Non-Refractory Ceramic Building Bricks in Italy

Market Overview
The Italian non-refractory ceramic building bricks market reduced to $ in , shrinking 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 saw a abrupt shrinkage. Non-refractory ceramic building bricks consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, non-refractory ceramic building bricks production declined to $ in estimated in export price. Over the period under review, production recorded a abrupt downturn. The most prominent rate of growth was recorded in with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , approx. units of non-refractory ceramic building bricks were consumed in Italy; dropping by -% compared with the year before. Overall, consumption faced a deep contraction. Non-refractory ceramic building bricks consumption peaked at units in 2007; however, from 2008 to , consumption remained at a lower figure.

The size of the non-refractory ceramic building bricks market in Italy contracted to $ in , waning 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). In general, consumption showed a deep contraction. 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
Depressed by shrinking demand for non-refractory ceramic building bricks 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 units 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, imports of non-refractory ceramic building bricks in Italy were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for non-refractory ceramic building bricks.


Trade Balance
Italy remains a net exporter of non-refractory ceramic building bricks; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, 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.