Italy: Test And Measurement Market 2024

Test And Measurement Market Size in Italy

The Italian test and measurement market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Test And Measurement Production in Italy

In value terms, test and measurement production fell sharply to $X in 2021 estimated in export price. Overall, production enjoyed resilient growth. The growth pace was the most rapid in 2020 with an increase of 175% against the previous year. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Test And Measurement Exports

Exports from Italy

In 2021, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 20% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 increased by +30.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement exports soared to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 increased by +76.2% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X units), China (X units) and Germany (X units) were the main destinations of test and measurement exports from Italy, together comprising 24% of total exports. Tunisia, Poland, Bahrain, France, Spain, Russia, Turkey, Egypt, the United Arab Emirates and the UK lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +76.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test and measurement exported from Italy were Germany ($X), China ($X) and France ($X), together comprising 28% of total exports. These countries were followed by Tunisia, Spain, the UK, Poland, Russia, the United Arab Emirates, Turkey, Bahrain, Egypt and Bulgaria, which together accounted for a further 26%.

Among the main countries of destination, Bahrain, with a CAGR of +53.0%, 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 test and measurement export price amounted to $X per unit, increasing by 7.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a 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 Germany ($X per unit), while the average price for exports to Bulgaria ($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 Poland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Italy

In 2021, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 19% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports surged to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Poland (X units) were the main suppliers of test and measurement imports to Italy, with a combined 74% share of total imports. Bulgaria, Belgium, Spain and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Italy, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by Poland, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.6% per year) and Poland (+7.4% per year).

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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