Italy: Hydraulic Press Market 2024

Hydraulic Press Market Size in Italy

The Italian hydraulic press market fell to $X in 2022, declining by -11.8% against the previous year. In general, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Press Production in Italy

In value terms, hydraulic press production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from Italy

In 2022, approx. X units of hydraulic presses for working metal were exported from Italy; which is down by -17.8% against 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hydraulic press exports contracted dramatically to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. 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) was the main destination for hydraulic press exports from Italy, with a 18% share of total exports. Moreover, hydraulic press exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by the UK (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+21.3% per year) and the UK (+4.0% per year).

In value terms, the largest markets for hydraulic press exported from Italy were the United States ($X), Turkey ($X) and Germany ($X), with a combined 34% share of total exports. China, France, Spain, India, the UK, Switzerland, Australia, Greece, Austria and Lithuania lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Lithuania, with a CAGR of +31.6%, saw 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

The average hydraulic press export price stood at $X per unit in 2022, growing by 3.3% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic press export price increased by +72.5% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Lithuania ($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 Germany (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Italy

Hydraulic press imports into Italy expanded notably to X units in 2022, growing by 11% compared with the year before. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic press imports shrank remarkably to $X in 2022. In general, imports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic press to Italy, accounting for a 53% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Spain (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and Spain (+9.3% per year).

In value terms, China ($X), Switzerland ($X) and Germany ($X) appeared to be the largest hydraulic press suppliers to Italy, with a combined 61% share of total imports. Spain, Finland, Sweden, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 25%.

Sweden, with a CAGR of +75.4%, 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

In 2022, the average hydraulic press import price amounted to $X per unit, with a decrease of -28.9% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 44%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Switzerland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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