Italy: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Italy

The Italian stone polishing machine market surged to $X in 2022, growing by 15% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Stone Polishing Machine Production in Italy

In value terms, stone polishing machine production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Stone Polishing Machine Exports

Exports from Italy

After three years of growth, overseas shipments of grinding or polishing machines for working stone, ceramics and concrete decreased by -6.3% to X units in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, stone polishing machine exports shrank to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Canada (X units) and Colombia (X units) were the main destinations of stone polishing machine exports from Italy, together accounting for 30% of total exports. Turkey, Romania, Vietnam, Brazil, Greece, India, Germany, the Netherlands, Spain and Russia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +33.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Italy, comprising 21% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8% share of total exports. It was followed by Brazil, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+10.1% per year) and Brazil (-4.8% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 39%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Colombia ($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 India (-6.1%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Italy

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Italy; with a decrease of -36.9% compared with 2021. In general, imports, however, enjoyed a mild increase. The growth pace was the most rapid in 2021 with an increase of 152% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, stone polishing machine imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and France (X units) were the main suppliers of stone polishing machine imports to Italy, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Austria ($X) were the largest stone polishing machine suppliers to Italy, with a combined 70% share of total imports. South Korea, Germany, Sweden, the Netherlands, the United States and Belgium lagged somewhat behind, together comprising a further 23%.

South Korea, with a CAGR of +21.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 69%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for South Korea ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :