Updated Jan 24, 2023 18:08

Market for Non-Refractory Clay Flooring Blocks, Support Or Filler Tiles in Italy

Market Overview
The Italian market for non-refractory clay flooring blocks, support or filler tiles declined 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). Over the period under review, consumption, however, recorded a deep contraction. Consumption of peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, production of non-refractory clay flooring blocks, support or filler tiles reduced to $ in estimated in export price. Overall, production, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by %. Over the period under review, production of hit record highs at $ in 2007; however, from 2008 to , production remained at a lower figure.


Consumption
After two years of decline, consumption of non-refractory clay flooring blocks, support or filler tiles increased by % to tons in . Overall, consumption, however, faced a deep downturn. Over the period under review, consumption of attained the maximum volume at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The value of the market for non-refractory clay flooring blocks, support or filler tiles in Italy shrank to $ in , declining 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, however, continues to indicate a abrupt descent. Consumption of peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for non-refractory clay flooring blocks, support or filler tiles 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, imports of non-refractory clay flooring blocks, support or filler tiles 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 clay flooring blocks, support or filler tiles.


Trade Balance
Italy remains a net exporter of non-refractory clay flooring blocks, support or filler tiles; 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.