Italy: Market for Hand-Operated Drilling, Threading or Tapping Tools 2024

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Italy

In 2022, after two years of growth, there was significant decline in the Italian market for hand-operated drilling, threading or tapping tools, when its value decreased by -80.4% to $X. Over the period under review, consumption, however, recorded a pronounced expansion. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Italy

In value terms, production of hand-operated drilling, threading or tapping tools reduced sharply to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3,275%. As a result, production reached the peak level of $X, and then dropped dramatically in the following year.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Italy

In 2022, exports of hand-operated drilling, threading or tapping tools from Italy declined remarkably to X tons, with a decrease of -57.3% compared with the year before. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of hand-operated drilling, threading or tapping tools shrank significantly to $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons), the United States (X tons) and Romania (X tons) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Italy, together accounting for 32% of total exports. France, Serbia, Albania, the UK, Germany, Portugal, Hungary, Croatia, Switzerland and Spain lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated drilling, threading or tapping tool exported from Italy were the United States ($X), Romania ($X) and France ($X), with a combined 29% share of total exports. The UK, Hungary, Germany, Croatia, Spain, Switzerland, Serbia, Egypt, Portugal and Albania lagged somewhat behind, together comprising a further 35%.

Hungary, with a CAGR of +21.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, with a decrease of -3.6% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 34% against the previous year. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Italy

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were imported into Italy; growing by 36% on the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 50%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools reached $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 29% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to Italy, together comprising 84% of total imports. The Netherlands, Israel and Spain lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +57.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand-operated drilling, threading or tapping tool suppliers to Italy were Germany ($X), France ($X) and China ($X), with a combined 66% share of total imports. Israel, the Netherlands and Spain lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Israel, with a CAGR of +45.3%, 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 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, dropping by -16.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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