Italy: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Italy

In 2021, the Italian wood bending machine market increased by 3% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Wood Bending Machine Production in Italy

In value terms, wood bending machine production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Wood Bending Machine Exports

Exports from Italy

In 2021, wood bending machine exports from Italy rose sharply to X units, growing by 14% compared with 2020 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wood bending machine exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), the United States (X units) and Poland (X units) were the main destinations of wood bending machine exports from Italy, together comprising 19% of total exports. Russia, the UK, Ukraine, Germany, Hungary, Romania, India, Tunisia, the United Arab Emirates and Belarus lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +52.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), India ($X) and the United States ($X) appeared to be the largest markets for wood bending machine exported from Italy worldwide, with a combined 26% share of total exports. These countries were followed by Germany, Russia, the UK, Ukraine, France, Hungary, Romania, Belarus, Tunisia and the United Arab Emirates, which together accounted for a further 41%.

In terms of the main countries of destination, Tunisia, with a CAGR of +71.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Italy

In 2021, supplies from abroad of bending or assembling machines was finally on the rise to reach X units after five years of decline. In general, imports saw a pronounced expansion. The pace of growth was the most pronounced in 2015 with an increase of 163% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, wood bending machine imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 154% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest wood bending machine supplier to Italy, with a 59% share of total imports. Moreover, wood bending machine imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+41.0% per year) and the Netherlands (+125.8% per year).

In value terms, Germany ($X) constituted the largest supplier of bending or assembling machines to Italy, comprising 94% of total imports. The second position in the ranking was held by Austria ($X), with a 2.4% share of total imports. It was followed by the United States, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+24.8% per year) and the United States (+25.2% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, with a decrease of -22.6% against the previous year. Overall, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2016 an increase of 238%. The import price peaked at $X per unit in 2020, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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