Italy: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Italy

The Italian mechanical shovel and excavator market soared to $X in 2021, with an increase of 83% against the previous year. Overall, consumption continues to indicate moderate growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Italy

In value terms, mechanical shovel and excavator production reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Italy

Mechanical shovel and excavator exports from Italy soared to X units in 2021, rising by 25% against 2020 figures. In general, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and the United States (X units) were the main destinations of mechanical shovel and excavator exports from Italy, with a combined 31% share of total exports. These countries were followed by the UK, Austria, Denmark, Spain, Australia, Russia, Egypt, Switzerland, Romania and Belgium, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +13.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United States ($X) constituted the largest markets for mechanical shovel and excavator exported from Italy worldwide, with a combined 32% share of total exports. These countries were followed by the UK, Denmark, Russia, Spain, Austria, Switzerland, Romania, Australia, Belgium and Egypt, which together accounted for a further 29%.

Spain, with a CAGR of +13.0%, recorded 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

The average mechanical shovel and excavator export price stood at $X per unit in 2021, rising by 2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 25%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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 UK ($X per unit), while the average price for exports to Egypt ($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 Austria (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Italy

Mechanical shovel and excavator imports into Italy surged to X units in 2021, with an increase of 38% on the previous year's figure. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of 128% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X units), France (X units) and the Netherlands (X units) were the main suppliers of mechanical shovel and excavator imports to Italy, together accounting for 46% of total imports. China, Japan, the UK, Sweden, the Czech Republic, the United States, Austria and Germany lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the largest mechanical shovel and excavator suppliers to Italy, together accounting for 47% of total imports. Sweden, Japan, China, the UK, the United States, Germany, the Czech Republic and Austria lagged somewhat behind, together comprising a further 50%.

In terms of the main suppliers, China, with a CAGR of +47.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, falling by -1.8% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mechanical shovel and excavator import price increased by +137.3% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 77% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then contracted modestly in the following year.

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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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