Italy: Isolating Switch Market 2024

Isolating Switch Market Size in Italy

In 2022, the Italian isolating switch market decreased by -40.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate significant growth. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Isolating Switch Production in Italy

In value terms, isolating switch production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 245%. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Isolating Switch Exports

Exports from Italy

In 2022, shipments abroad of isolating switches & make-and-break switches was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a slight descent. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports surged to $X in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 56%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Thailand (X units) and Australia (X units) were the main destinations of isolating switch exports from Italy, together accounting for 17% of total exports. Egypt, Turkey, Brazil, the UK, Chile, France, Colombia, Canada, Greece and Bolivia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for isolating switches & make-and-break switches exports from Italy, comprising 9.8% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.5% share of total exports. It was followed by Thailand, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+7.8% per year) and Thailand (+9.8% per year).

Export Prices by Country

In 2022, the average isolating switch export price amounted to $X per unit, which is down by -2% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isolating switch export price increased by +46.8% against 2014 indices. The pace of growth was the most pronounced in 2013 an increase of 28%. The export price peaked at $X per unit in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($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 Turkey (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Italy

In 2022, the amount of isolating switches & make-and-break switches imported into Italy shrank markedly to X units, which is down by -45% compared with the previous year. Over the period under review, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 99% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, isolating switch imports plummeted to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 157% against the previous year. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Sweden (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of isolating switch imports to Italy, together comprising 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +87.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch suppliers to Italy were Sweden ($X), the Netherlands ($X) and Switzerland ($X), with a combined 48% share of total imports.

Sweden, with a CAGR of +112.3%, recorded the highest rates of growth with regard to 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

The average isolating switch import price stood at $X per unit in 2022, rising by 14% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isolating switch import price increased by +41.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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