Italy: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Italy

The Italian metal cutting shear market shrank to $X in 2022, reducing by -6.2% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Cutting Shear Production in Italy

In value terms, metal cutting shear production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +39.4% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Metal Cutting Shear Exports

Exports from Italy

In 2022, exports of metal cutting shears and similar hand tools from Italy soared to X tons, jumping by 39% against the previous year. Overall, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 61%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal cutting shear exports rose slightly to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal cutting shear exports from Italy, with a 56% share of total exports. Moreover, metal cutting shear exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.1% per year) and Germany (-17.1% per year).

In value terms, the largest markets for metal cutting shear exported from Italy were France ($X), Saudi Arabia ($X) and Spain ($X), with a combined 44% share of total exports. Germany, Brazil, the UK, the Philippines, Libya and the United Arab Emirates lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Brazil, with a CAGR of +28.8%, recorded 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

The average metal cutting shear export price stood at $X per ton in 2022, dropping by -24.8% against the previous year. Over the period under review, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of 120%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Italy

In 2022, approx. X tons of metal cutting shears and similar hand tools were imported into Italy; increasing by 11% on the year before. Overall, imports saw a notable expansion. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal cutting shear imports soared to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +93.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 68%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal cutting shear imports to Italy, together comprising 76% of total imports. Belgium, the United States, Spain, India, France, Japan and Slovenia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +44.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal cutting shear suppliers to Italy were Germany ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 75% share of total imports. The United States, Belgium, France, Japan, Spain, India and Slovenia lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Spain, with a CAGR of +46.8%, recorded the highest growth rate of 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

The average metal cutting shear import price stood at $X per ton in 2022, rising by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :