Italy: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Italy

The Italian non-electric motor handtools market surged to $X in 2022, rising by 121% against the previous year. In general, consumption, however, recorded a abrupt setback. Non-electric motor handtools consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Electric Motor Handtools Production in Italy

In value terms, non-electric motor handtools production totaled $X in 2022 estimated in export price. In general, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Electric Motor Handtools Exports

Exports from Italy

In 2022, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor decreased by -39.8% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, non-electric motor handtools exports contracted significantly to $X in 2022. Overall, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), France (X units) and Germany (X units) were the main destinations of non-electric motor handtools exports from Italy, together accounting for 36% of total exports. The UK, Turkey, Poland, Switzerland, Turkmenistan, Spain, Austria, New Zealand, China and the Czech Republic lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of +96.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from Italy were the United States ($X), France ($X) and Germany ($X), with a combined 36% share of total exports. The UK, Turkey, Poland, Switzerland, Turkmenistan, Spain, Austria, New Zealand, China and the Czech Republic lagged somewhat behind, together comprising a further 37%.

Turkmenistan, with a CAGR of +96.9%, saw the highest rates of growth with regard to 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 non-electric motor handtools export price stood at $X per unit in 2022, with an increase of 31% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per unit) and China ($X per unit), while the average price for exports to the Czech Republic ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Italy

For the third consecutive year, Italy recorded growth in overseas purchases of handtools, hydraulic or with a self-contained non-electric motor, which increased by 85% to X units in 2022. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools imports contracted modestly to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric motor handtools to Italy, with a 47% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Japan (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.6% per year) and Japan (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Italy, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and Japan (-4.1% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, falling by -48.6% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and China ($X per unit), while the price for Sweden ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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