Updated Nov 26, 2022 12:34

Ceramic Sanitary Ware Market in Italy

Market Overview
In , after two years of growth, there was significant decline in the Italian ceramic sanitary ware market, when its value decreased by -% to $. Over the period under review, consumption showed strong growth. Ceramic sanitary ware consumption peaked at $ in , and then declined in the following year.

In value terms, ceramic sanitary ware production shrank dramatically to $ in estimated in export price. Over the period under review, production showed a pronounced increase. The pace of growth appeared the most rapid in when the production volume increased by %. As a result, production attained the peak level of $, and then dropped notably in the following year.


Consumption
In , the amount of ceramic sinks, baths, water closet pans and similar sanitary fixtures consumed in Italy stood at units, picking up by % on the previous year's figure. In general, consumption saw prominent growth. Ceramic sanitary ware consumption peaked at units in 2017; however, from 2018 to , consumption failed to regain momentum.

The size of the ceramic sanitary ware market in Italy fell 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). Over the period under review, consumption continues to indicate a strong expansion. Ceramic sanitary ware consumption peaked at $ in , and then shrank in the following year.


Market Forecast
Driven by increasing demand for ceramic sinks, baths, water closet pans and similar sanitary fixtures in Italy, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase 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 .


Trade Balance
Italy remains a net exporter of ceramic sanitary ware; 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.