Italy: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Italy

The Italian lathe for removing metal market rose to $X in 2021, growing by 2.1% against the previous year. Overall, consumption continues to indicate a perceptible slump. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Italy

In value terms, lathe for removing metal production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, lafor removing metal production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Italy

In 2021, approx. X units of lathes for removing metal were exported from Italy; increasing by 15% compared with 2020 figures. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 494% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for lathe for removing metal exports from Italy, with a 41% share of total exports. Moreover, lathe for removing metal exports to Switzerland exceeded the volume sent to the second major destination, the United States (X units), fivefold. Germany (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.2% per year) and Germany (+2.5% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest markets for lathe for removing metal exported from Italy worldwide, together comprising 50% of total exports. France, Turkey, India, Switzerland, Saudi Arabia, Egypt, Mexico and Peru lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Egypt, with a CAGR of +8.0%, 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

In 2021, the average lathe for removing metal export price amounted to $X per unit, surging by 17% against the previous year. Overall, the export price, however, showed a deep setback. The growth pace was the most rapid in 2019 an increase of 580% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Peru ($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 Mexico (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Italy

In 2021, supplies from abroad of lathes for removing metal was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 219% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest lathe for removing metal supplier to Italy, accounting for a 47% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.8% per year) and Germany (+4.2% per year).

In value terms, South Korea ($X), Japan ($X) and Belgium ($X) were the largest lathe for removing metal suppliers to Italy, together accounting for 55% of total imports. These countries were followed by Germany, Spain, the Netherlands, China, Taiwan (Chinese) and Switzerland, which together accounted for a further 34%.

Spain, with a CAGR of +21.5%, recorded 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 lathe for removing metal import price amounted to $X per unit, increasing by 54% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 212% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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