Italy: Machinery For Packing Market 2024

Machinery For Packing Market Size in Italy

The Italian machinery for packing market was estimated at $X in 2022, picking up by 9.7% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Machinery For Packing Production in Italy

In value terms, machinery for packing production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 49%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Machinery For Packing Exports

Exports from Italy

In 2022, machinery for packing exports from Italy contracted to X units, which is down by -4.8% on the previous year. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 10%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machinery for packing exports fell to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), France (X units) and Spain (X units) were the main destinations of machinery for packing exports from Italy, with a combined 27% share of total exports. Germany, the UK, Mexico, Poland, Turkey, the United Arab Emirates, the Netherlands, Russia, Australia and China lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machinery for packing or wrapping exports from Italy, comprising 16% of total exports. The second position in the ranking was held by France ($X), with a 7.5% share of total exports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.6% per year) and Germany (-2.8% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, with a decrease of -9.4% against the previous year. In general, the export price recorded a mild descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 5.5% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United States (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery For Packing Imports

Imports into Italy

Machinery for packing imports into Italy dropped sharply to X units in 2022, declining by -16.8% on the previous year's figure. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, machinery for packing imports fell rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machinery for packing to Italy, accounting for a 29% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Spain (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.3% per year) and Spain (+5.7% per year).

In value terms, the largest machinery for packing suppliers to Italy were Germany ($X), Spain ($X) and China ($X), with a combined 45% share of total imports. Switzerland, Turkey, France, Sweden, Taiwan (Chinese), the Czech Republic, the Netherlands, Slovakia, Bulgaria and the United States lagged somewhat behind, together accounting for a further 43%.

Bulgaria, with a CAGR of +52.7%, saw the highest rates of growth with regard to 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 machinery for packing import price stood at $X per unit in 2022, shrinking by -6.5% against the previous year. Overall, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 14%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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