Italy: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Italy

The Italian machine-tool for working wood market declined dramatically to $X in 2021, with a decrease of -21.9% against the previous year. In general, consumption saw a noticeable slump. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Italy

In value terms, machine-tool for working wood production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58% against the previous year. Machine-tool for working wood production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports from Italy

After three years of decline, overseas shipments of machine-tools for working wood increased by 19% to X tons in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 27%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working wood exports surged to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Germany (X tons), France (X tons) and Poland (X tons) were the main destinations of machine-tool for working wood exports from Italy, together accounting for 23% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +7.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Italy were the United States ($X), France ($X) and Poland ($X), together accounting for 24% of total exports. Germany, the UK, Spain, Russia, Belgium, Austria, the Netherlands, Turkey, Romania and Egypt lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Spain, with a CAGR of +13.2%, saw the highest growth rate of 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 machine-tool for working wood export price amounted to $X per ton, rising by 6.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 27% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Italy

After three years of decline, overseas purchases of machine-tools for working wood increased by 41% to X tons in 2021. In general, imports continue to indicate a perceptible increase. The growth pace was the most rapid in 2017 when imports increased by 68% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, machine-tool for working wood imports surged to $X in 2021. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of machine-tool for working wood imports to Italy, with a combined 56% share of total imports. These countries were followed by Austria, Belgium, Spain, Poland, India, the UK, Turkey, the Netherlands and Switzerland, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine-tools for working wood to Italy, comprising 47% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Austria, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.6% per year) and Austria (+11.4% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the import price enjoyed tangible growth. The pace of growth appeared the most rapid in 2018 an increase of 118%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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