Italy: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Italy

After two years of decline, the Italian machine-tool for drilling market increased by 230% to $X in 2022. In general, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Production in Italy

In value terms, machine-tool for drilling production fell to $X in 2022 estimated in export price. Overall, production, however, showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Machine-tool for drilling production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Italy

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported from Italy; with a decrease of -24.6% against the year before. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports shrank significantly to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 22%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and France (X units) were the main destinations of machine-tool for drilling exports from Italy, together comprising 33% of total exports. Spain, the UK, India, Morocco, Switzerland, Australia, the Netherlands, Turkey, Saudi Arabia and Poland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Italy, comprising 22% of total exports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total exports. It was followed by France, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.5% per year) and France (-3.0% per year).

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to Morocco ($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 Poland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Italy

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported into Italy; remaining relatively unchanged against the previous year's figure. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 60%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Italy, accounting for a 65% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Germany (X units), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.9% per year) and Germany (+11.0% per year).

In value terms, Spain ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest machine-tool for drilling suppliers to Italy, together accounting for 79% of total imports.

Among the main suppliers, Spain, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, increasing by 27% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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