Italy: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Italy

The Italian non-numerically controlled drilling machine market soared to $X in 2021, increasing by 78% against the previous year. In general, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Italy

In value terms, non-numerically controlled drilling machine production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 245% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Italy

After two years of decline, overseas shipments of non-numerically controlled drilling machines for working metal increased by 2.6% to X tons in 2021. Over the period under review, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2016 when exports increased by 104% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports shrank to $X in 2021. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 133%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), France (X tons) and Poland (X tons) were the main destinations of non-numerically controlled drilling machine exports from Italy, together accounting for 32% of total exports. The UK, Austria, Hungary, Norway, Finland, Spain, Japan, Australia, Vietnam and Saudi Arabia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +77.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Italy were France ($X), Poland ($X) and the Czech Republic ($X), together accounting for 27% of total exports. These countries were followed by Austria, the UK, Hungary, Finland, Norway, Japan, Australia, Vietnam, Saudi Arabia and Spain, which together accounted for a further 42%.

Vietnam, with a CAGR of +81.2%, saw the highest growth rate of the value of exports, among 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 non-numerically controlled drilling machine export price amounted to $X per ton, with a decrease of -11.4% against the previous year. In general, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Spain ($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 Hungary (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Italy

After two years of decline, supplies from abroad of non-numerically controlled drilling machines for working metal increased by 12% to X tons in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 -26.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 57%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports soared to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Italy, with a 73% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and Taiwan (Chinese) (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Italy, comprising 63% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and Taiwan (Chinese) (-2.6% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, surging by 53% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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