Italy: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in Italy

In 2022, the Italian gouges and chisels market increased by 26% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Gouges And Chisels Production in Italy

In value terms, gouges and chisels production dropped rapidly to $X in 2022 estimated in export price. In general, production faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 59%. Gouges and chisels production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Gouges And Chisels Exports

Exports from Italy

In 2022, overseas shipments of planes, chisels and gouges for working wood decreased by -41.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 78% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gouges and chisels exports contracted to $X in 2022. Overall, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 63% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Spain (X tons) and France (X tons) were the main destinations of gouges and chisels exports from Italy, with a combined 39% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +60.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gouges and chisels exported from Italy were Romania ($X), Poland ($X) and the Netherlands ($X), with a combined 30% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +36.3%, 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 gouges and chisels export price stood at $X per ton in 2022, jumping by 58% against the previous year. In general, the export price saw a measured expansion. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Romania (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Italy

In 2022, imports of planes, chisels and gouges for working wood into Italy skyrocketed to X tons, with an increase of 26% on 2021 figures. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +86.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gouges and chisels imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +68.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gouges and chisels to Italy, with a 38% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.6% per year) and Germany (+10.6% per year).

In value terms, the largest gouges and chisels suppliers to Italy were Germany ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 57% share of total imports. Belgium, Spain, India, France and the Netherlands lagged somewhat behind, together accounting for a further 28%.

Spain, with a CAGR of +36.2%, recorded 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 gouges and chisels import price stood at $X per ton in 2022, with an increase of 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2013 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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