Italy: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Italy

In 2021, the Italian metal broaching machine market increased by 23% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.1% against 2017 indices. Metal broaching machine consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Broaching Machine Production in Italy

In value terms, metal broaching machine production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 5.7% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Broaching Machine Exports

Exports from Italy

In 2021, exports of broaching machines for working metal from Italy surged to X units, with an increase of 139% compared with the year before. Over the period under review, exports, however, saw a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal broaching machine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 424% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X units), Germany (X units) and the United States (X units) were the main destinations of metal broaching machine exports from Italy, with a combined 49% share of total exports. These countries were followed by France, China, South Africa, Greece, Spain, Hungary, Turkey, Portugal, Cameroon and Croatia, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and China ($X) appeared to be the largest markets for metal broaching machine exported from Italy worldwide, with a combined 67% share of total exports. Turkey, Spain, Germany, Portugal, Albania, Croatia, Hungary, Greece, South Africa and Cameroon lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Spain, with a CAGR of +95.5%, recorded the highest growth rate of 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 metal broaching machine export price stood at $X per unit in 2021, reducing by -25.7% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 291%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Cameroon ($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 Portugal (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Italy

In 2021, approx. X units of broaching machines for working metal were imported into Italy; picking up by 224% against 2020. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal broaching machine imports surged to $X in 2021. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and Bulgaria (X units) were the main suppliers of metal broaching machine imports to Italy, together accounting for 96% of total imports. Albania and Turkey lagged somewhat behind, together accounting for a further 3.7%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +123.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of broaching machines for working metal to Italy, comprising 90% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 4.6% share of total imports. It was followed by Taiwan (Chinese), with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+25.2% per year) and Taiwan (Chinese) (+18.8% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, increasing by 138% against the previous year. Overall, the import price showed a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 601% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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