Italy: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Italy

After two years of decline, the Italian safes and strongboxes market increased by 16% to $X in 2021. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Safes And Strongboxes Production in Italy

In value terms, safes and strongboxes production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Italy

Safes and strongboxes exports from Italy fell to X tons in 2021, declining by -5.1% compared with the previous year's figure. Overall, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 58% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, safes and strongboxes exports reached $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when exports increased by 17%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for safes and strongboxes exports from Italy, with a 21% share of total exports. Moreover, safes and strongboxes exports to France exceeded the volume sent to the second major destination, Croatia (X tons), twofold. The third position in this ranking was held by Poland (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+12.9% per year) and Poland (+48.2% per year).

In value terms, France ($X) remains the key foreign market for safes, strongboxes and doors of base metal exports from Italy, comprising 22% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Croatia, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.7% per year) and Croatia (+11.2% per year).

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Libya ($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 China (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Italy

In 2021, safes and strongboxes imports into Italy skyrocketed to X tons, jumping by 35% compared with the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, safes and strongboxes imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of safes and strongboxes imports to Italy, with a combined 73% share of total imports. These countries were followed by Poland, Portugal, the Netherlands, Indonesia, Spain and Romania, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +212.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safes and strongboxes suppliers to Italy were China ($X), the Czech Republic ($X) and Germany ($X), with a combined 64% share of total imports. These countries were followed by the Netherlands, Portugal, Poland, Spain, Indonesia and Romania, which together accounted for a further 28%.

Among the main suppliers, Portugal, with a CAGR of +141.3%, 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

In 2021, the average safes and strongboxes import price amounted to $X per ton, rising by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :