Italy: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Italy

After two years of decline, the Italian machine-tool for removing material market increased by 270% to $X in 2021. In general, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in Italy

In value terms, machine-tool for removing material production declined sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 371% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Italy

In 2021, overseas shipments of machine-tools for working any material by removal of material decreased by -11.3% to X units, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 67%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports soared to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and Slovakia (X units) were the main destinations of machine-tool for removing material exports from Italy, with a combined 27% share of total exports. India, Turkey, Israel, France, the UK, Spain, Russia, Mexico, Portugal and Iran lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Italy were Germany ($X), the United States ($X) and France ($X), together accounting for 23% of total exports. The UK, Mexico, Spain, Slovakia, Turkey, Russia, Portugal, India, Israel and Iran lagged somewhat behind, together comprising a further 26%.

Israel, with a CAGR of +31.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, with an increase of 40% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 118%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

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 Mexico ($X per unit), while the average price for exports to Israel ($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 France (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Italy

Machine-tool for removing material imports into Italy soared to X units in 2021, with an increase of 219% on the year before. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 276%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2021. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 37%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Italy, accounting for a 70% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Finland (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+40.7% per year) and Finland (+36.6% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Italy, comprising 30% of total imports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.1% per year) and China (+24.2% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, reducing by -57.7% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 169% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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