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

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

In 2021, after three years of growth, there was significant decline in the Italian numerically controlled drilling machine market, when its value decreased by -8.5% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Italy

In value terms, numerically controlled drilling machine production contracted slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 9.4%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Italy

Numerically controlled drilling machine exports from Italy contracted slightly to X tons in 2021, which is down by -3.8% compared with 2020 figures. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 117% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), France (X tons) and China (X tons) were the main destinations of numerically controlled drilling machine exports from Italy, together accounting for 39% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Russia ($X) and Mexico ($X) appeared to be the largest markets for numerically controlled drilling machine exported from Italy worldwide, together comprising 47% of total exports.

France, with a CAGR of +57.3%, saw the highest rates of growth with regard to 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 numerically controlled drilling machine export price stood at $X per ton in 2021, rising by 29% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% 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 2013 when the average export price increased by 70% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Albania ($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 Mexico (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Italy

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Italy; with a decrease of -42.4% against the year before. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2019 when imports increased by 61% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports fell modestly to $X in 2021. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 90%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest numerically controlled drilling machine supplier to Italy, with a 60% share of total imports. Moreover, numerically controlled drilling machine imports from Switzerland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland stood at +139.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+66.2% per year) and Germany (-21.6% per year).

In value terms, Germany ($X), Turkey ($X) and Taiwan (Chinese) ($X) constituted the largest numerically controlled drilling machine suppliers to Italy, together comprising 74% of total imports. These countries were followed by Switzerland, France, Austria and the United Arab Emirates, which together accounted for a further 24%.

France, with a CAGR of +82.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, surging by 66% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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