Italy: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Italy

After three years of growth, the Italian market for grinding, sanding and polishing machines decreased by -11.1% to $X in 2021. In general, consumption, however, saw strong growth. Grinding, sanding and polishing machine consumption peaked at $X in 2020, and then fell in the following year.

Production of Grinding, Sanding and Polishing Machines in Italy

In value terms, grinding, sanding and polishing machine production rose sharply to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. Grinding, sanding and polishing machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Italy

In 2021, the amount of grinding, sanding and polishing machines exported from Italy surged to X units, picking up by 31% on the previous year's figure. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.8% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports rose remarkably to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for grinding, sanding and polishing machine exports from Italy, with a 45% share of total exports. Moreover, grinding, sanding and polishing machine exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by France (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.9% per year) and France (-7.4% per year).

In value terms, the largest markets for grinding, sanding and polishing machine exported from Italy were Germany ($X), the United States ($X) and Poland ($X), together comprising 41% of total exports. France, Austria, Belgium, Spain, the Netherlands, Slovenia and the UK lagged somewhat behind, together accounting for a further 19%.

Belgium, with a CAGR of +13.5%, saw 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

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, waning by -12.7% against the previous year. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to the Netherlands ($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 (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Italy

For the fourth consecutive year, Italy recorded growth in purchases abroad of grinding, sanding and polishing machines, which increased by 1.1% to X units in 2021. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 65% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, grinding, sanding and polishing machine imports reduced to $X in 2021. The total import value increased at an average annual rate of +6.0% 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 2013 when imports increased by 55%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Italy, accounting for a 70% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.8% per year) and Belgium (+13.8% per year).

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to Italy, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Belgium, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.6% per year) and Belgium (+6.3% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when the average import price increased by 7.4%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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