Italy: Tamping Machinery Market 2024

Tamping Machinery Market Size in Italy

The Italian tamping machinery market fell dramatically to $X in 2021, which is down by -85.1% against the previous year. In general, consumption continues to indicate a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tamping Machinery Production in Italy

In value terms, tamping machinery production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Tamping Machinery Exports

Exports from Italy

In 2021, shipments abroad of tamping or compacting machinery increased by 6% to X units, rising for the fourth year in a row after two years of decline. In general, exports recorded a strong increase. The growth pace was the most rapid in 2013 with an increase of 175%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, tamping machinery exports soared to $X in 2021. Over the period under review, exports enjoyed resilient growth. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), the United States (X units) and the Dominican Republic (X units) were the main destinations of tamping machinery exports from Italy, with a combined 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +400.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tamping machinery exported from Italy were Germany ($X), the United States ($X) and France ($X), with a combined 45% share of total exports. The Netherlands, Algeria, the Dominican Republic, Switzerland, Hungary, Slovenia, Slovakia, Greece and Spain lagged somewhat behind, together comprising a further 36%.

The Dominican Republic, with a CAGR of +214.6%, saw the highest growth rate of 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 tamping machinery export price stood at $X per unit in 2021, rising by 62% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 Algeria ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Italy

In 2021, overseas purchases of tamping or compacting machinery increased by 99% to X units, rising for the third year in a row after two years of decline. In general, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tamping machinery imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Sweden (X units) and China (X units) were the main suppliers of tamping machinery imports to Italy, with a combined 81% share of total imports. These countries were followed by Austria, the Netherlands, the Czech Republic and the UK, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +91.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tamping machinery suppliers to Italy were Germany ($X), Sweden ($X) and the Czech Republic ($X), together accounting for 75% of total imports. Austria, the Netherlands, the UK and China lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Austria, with a CAGR of +108.9%, 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

The average tamping machinery import price stood at $X per unit in 2021, reducing by -4.2% against the previous year. In general, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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