Italy: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Italy

The Italian grinding and sharpening machine market fell notably to $X in 2022, with a decrease of -19% against the previous year. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Italy

In value terms, grinding and sharpening machine production dropped remarkably to $X in 2022 estimated in export price. In general, production faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 409%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Italy

In 2022, grinding and sharpening machine exports from Italy fell sharply to X units, reducing by -25% compared with the previous year. Overall, exports recorded a perceptible reduction. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. In general, exports faced a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and the United States (X units) were the main destinations of grinding and sharpening machine exports from Italy, together accounting for 46% of total exports. Australia, Belgium, China, Switzerland, Lithuania, New Zealand, Spain, the Netherlands, Sweden and Poland lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Italy, comprising 28% of total exports. The second position in the ranking was held by Switzerland ($X), with an 8.2% share of total exports. It was followed by Germany, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-4.7% per year) and Germany (-19.7% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, growing by 64% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Italy

In 2022, grinding and sharpening machine imports into Italy reduced to X units, which is down by -9.7% on the year before. Overall, imports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, grinding and sharpening machine imports stood at $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Austria (X units) were the main suppliers of grinding and sharpening machine imports to Italy, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +37.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Italy, comprising 44% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.8% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.3% per year) and China (+6.2% per year).

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, increasing by 17% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 38%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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