Italy: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Italy

In 2021, the Italian wood drilling machine market decreased by -25.1% to $X, falling for the third year in a row after seven years of growth. Over the period under review, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in Italy

In value terms, wood drilling machine production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.9% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23% against the previous year. Wood drilling machine production peaked at $X in 2020, and then declined modestly in the following year.

Wood Drilling Machine Exports

Exports from Italy

In 2021, shipments abroad of drilling or morticing machines was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 73% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood drilling machine exports surged to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 26%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Russia (X units) and France (X units) were the main destinations of wood drilling machine exports from Italy, together comprising 26% of total exports. These countries were followed by the United States, Poland, the UK, India, Canada, Spain, Bulgaria, Belgium, Romania and the Czech Republic, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +26.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and the United States ($X) were the largest markets for wood drilling machine exported from Italy worldwide, with a combined 33% share of total exports. These countries were followed by Spain, Germany, Romania, Belgium, Canada, Russia, the UK, the Czech Republic, Bulgaria and India, which together accounted for a further 32%.

Among the main countries of destination, Spain, with a CAGR of +26.4%, recorded 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

In 2021, the average wood drilling machine export price amounted to $X per unit, surging by 12% against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 140% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to India ($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 Spain (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Italy

In 2021, purchases abroad of drilling or morticing machines decreased by -89.1% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 72%. Imports peaked at X units in 2020, and then declined rapidly in the following year.

In value terms, wood drilling machine imports contracted remarkably to $X in 2021. In general, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 200%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Austria (X units) constituted the largest wood drilling machine supplier to Italy, accounting for a 52% share of total imports. Moreover, wood drilling machine imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.9% per year) and China (-20.2% per year).

In value terms, Germany ($X), China ($X) and Austria ($X) were the largest wood drilling machine suppliers to Italy, with a combined 84% share of total imports.

Among the main suppliers, Austria, with a CAGR of +27.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, increasing by 456% against the previous year. Overall, the import price saw a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1,975.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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