Italy: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Italy

The Italian market for machine-tools for working stone, ceramics, and concrete reached $X in 2022, surging by 15% against the previous year. Over the period under review, consumption, however, saw a mild setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Italy

In value terms, machine tools for working stone production surged to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible setback. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Italy

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete increased by 2.8% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports fell markedly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Spain (X units) and Germany (X units) were the main destinations of machine tools for working stone exports from Italy, with a combined 23% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from Italy were the United States ($X), Spain ($X) and Germany ($X), with a combined 30% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +28.6%, 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 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, falling by -17.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Argentina ($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 India (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Italy

Machine tools for working stone imports into Italy declined to X units in 2022, dropping by -12% compared with the previous year's figure. Over the period under review, imports showed a perceptible contraction. The growth pace was the most rapid in 2019 when imports increased by 74%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports surged to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +55.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 78%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Switzerland (X units), Austria (X units) and the UK (X units) were the main suppliers of machine tools for working stone imports to Italy, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Switzerland ($X) were the largest machine tools for working stone suppliers to Italy, with a combined 67% share of total imports.

Switzerland, with a CAGR of +22.1%, saw 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

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, increasing by 38% against the previous year. Overall, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 184% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per unit), while the price for the UK ($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 (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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