Italy: Grinding Machine Market 2024

Grinding Machine Market Size in Italy

The Italian grinding machine market totaled $X in 2021, remaining relatively unchanged against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in Italy

In value terms, grinding machine production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of 53%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Grinding Machine Exports

Exports from Italy

In 2021, exports of machines having individual functions, for mixing, kneading, crushing or grinding from Italy skyrocketed to X units, growing by 15% on the previous year. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 21% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports soared to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 36% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), France (X units) and Germany (X units) were the main destinations of grinding machine exports from Italy, together comprising 24% of total exports. These countries were followed by Spain, China, Portugal, the UK, Mexico, Turkey, Russia, Romania, Oman and India, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +49.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from Italy were the United States ($X), France ($X) and China ($X), together accounting for 26% of total exports. Germany, Spain, Russia, the UK, Mexico, Turkey, India, Portugal, Romania and Oman lagged somewhat behind, together comprising a further 31%.

Oman, with a CAGR of +43.9%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average grinding machine export price amounted to $X per unit, surging by 3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Portugal ($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 (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Italy

In 2021, imports of machines having individual functions, for mixing, kneading, crushing or grinding into Italy skyrocketed to X units, increasing by 36% compared with 2020 figures. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 67% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest grinding machine supplier to Italy, accounting for a 48% share of total imports. Moreover, grinding machine imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The third position in this ranking was taken by France (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.7% per year) and France (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Italy, comprising 41% of total imports. The second position in the ranking was taken by Austria ($X), with a 9.6% share of total imports. It was followed by France, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.1% per year) and France (+12.8% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, surging by 2.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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