Updated Jan 12, 2023 02:48

Market for Ceramic Wares For Laboratory Or Technical Uses in Italy

Market Overview
The Italian market for ceramic wares for laboratory or technical uses fell significantly to $ in , reducing 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 slight downturn. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

In value terms, production of ceramic wares for laboratory or technical uses declined to $ in estimated in export price. In general, production saw a precipitous descent. The most prominent rate of growth was recorded in 2012 with an increase of %. Production of peaked at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.


Consumption
In , consumption of ceramic wares for laboratory or technical uses decreased by -% to tons, falling for the third consecutive year after three years of growth. In general, consumption saw a perceptible decline. Consumption of peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The size of the market for ceramic wares for laboratory or technical uses in Italy dropped markedly 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 recorded a mild contraction. Consumption of peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for ceramic wares for laboratory or technical uses 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
Driven by a growing demand, the share of imports in total supply in Italy increased significantly over the last fifteen years (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Italy remains a net exporter of ceramic wares for laboratory or technical uses; 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.