Italy: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Italy

After two years of decline, the Italian metal honing machine market increased by 61% to $X in 2021. In general, consumption posted a perceptible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Metal Honing Machine Production in Italy

In value terms, metal honing machine production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. Metal honing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Honing Machine Exports

Exports from Italy

In 2021, overseas shipments of honing or lapping machines for working metal increased by 6.5% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal honing machine exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of metal honing machine exports from Italy, together comprising 47% of total exports. Slovakia, Romania, Switzerland, Greece, the United States, Belarus, Poland, China and Turkey lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +78.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and the United States ($X) constituted the largest markets for metal honing machine exported from Italy worldwide, together comprising 37% of total exports. These countries were followed by Germany, France, Turkey, Spain, Slovakia, Romania, Switzerland, Greece and Belarus, which together accounted for a further 21%.

In terms of the main countries of destination, Slovakia, with a CAGR of +62.0%, recorded the highest rates of growth with regard to the value of exports, 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 metal honing machine export price amounted to $X per unit, with an increase of 16% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 27%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Belarus ($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 Turkey (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Italy

In 2021, overseas purchases of honing or lapping machines for working metal increased by 44% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 84% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal honing machine imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Switzerland (X units) constituted the largest metal honing machine supplier to Italy, accounting for a 36% share of total imports. Moreover, metal honing machine imports from Switzerland exceeded the figures recorded by the second-largest supplier, France (X units), twofold. China (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+37.1% per year) and China (+9.8% per year).

In value terms, the largest metal honing machine suppliers to Italy were Germany ($X), Switzerland ($X) and the United States ($X), with a combined 83% share of total imports. China, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 16%.

France, with a CAGR of +21.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, rising by 9.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average 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 ($X per unit), while the price for Taiwan (Chinese) ($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 (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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