Italy: Measuring Instrument Market 2022

Measuring Instrument Market Size in Italy

The Italian measuring instrument market fell sharply to $X in 2021, shrinking by -16.5% against the previous year. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Measuring Instrument Production in Italy

In value terms, measuring instrument production shrank rapidly to $X in 2021 estimated in export price. In general, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Measuring instrument production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from Italy

Measuring instrument exports from Italy shrank to X units in 2021, falling by -9.2% on the year before. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 49%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, measuring instrument exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 22%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Romania (X units), Germany (X units) and France (X units) were the main destinations of measuring instrument exports from Italy, with a combined 31% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Italy were the United States ($X), Germany ($X) and France ($X), with a combined 25% share of total exports. Spain, China, Romania, Saudi Arabia, Turkey, Austria, Brazil, the United Arab Emirates, Tunisia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Romania, with a CAGR of +26.0%, recorded the highest growth rate of 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 measuring instrument export price amounted to $X per unit, picking up by 22% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 China (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Measuring Instrument Imports

Imports into Italy

In 2021, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by 13% to X units, rising for the seventh year in a row after two years of decline. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 75%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, measuring instrument imports rose remarkably to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X units), Germany (X units) and Switzerland (X units) were the main suppliers of measuring instrument imports to Italy, together comprising 63% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +23.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of measuring instrument to Italy, comprising 33% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.4% per year) and the United States (+7.4% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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