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

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

The Italian non-numerically controlled sharpening machine market dropped markedly to $X in 2022, waning by -16.4% against the previous year. Overall, consumption recorded a abrupt decline. Non-numerically controlled sharpening machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, non-numerically controlled sharpening machine production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 8.7%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Italy

Non-numerically controlled sharpening machine exports from Italy dropped remarkably to X units in 2022, shrinking by -26.4% on the year before. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports stood at $X in 2022. Overall, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2021 when exports increased by 26%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and the United States (X units) were the main destinations of non-numerically controlled sharpening machine exports from Italy, together accounting for 46% of total exports. Australia, Belgium, China, Switzerland, Lithuania, New Zealand, Spain, the Netherlands, Canada and Sweden lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Italy, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by the United States, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.8% per year) and the United States (-1.0% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, growing by 45% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-numerically controlled sharpening machine export price increased by +66.4% against 2019 indices. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Lithuania ($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 Spain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Italy

In 2022, the amount of non-numerically controlled sharpening machines for working metal imported into Italy fell to X units, reducing by -11.9% on 2021. Overall, imports, however, posted temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 76%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Austria (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Italy, together accounting for 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled sharpening machine suppliers to Italy were Germany ($X), China ($X) and Spain ($X), with a combined 63% share of total imports. Austria and the United States lagged somewhat behind, together accounting for a further 17%.

Austria, with a CAGR of +12.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, growing by 32% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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