Italy: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Italy

The Italian metal threading machine market contracted significantly to $X in 2021, falling by -32.4% against the previous year. Over the period under review, consumption, however, showed a strong increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Production in Italy

In value terms, metal threading machine production reduced remarkably to $X in 2021 estimated in export price. Overall, production showed a mild contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Metal Threading Machine Exports

Exports from Italy

In 2021, the amount of threading or tapping machines for working metal exported from Italy fell markedly to X units, which is down by -15.9% compared with the previous year's figure. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 99%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal threading machine exports dropped notably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 90%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), China (X units) and France (X units) were the main destinations of metal threading machine exports from Italy, together accounting for 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +284.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Brazil ($X) were the largest markets for metal threading machine exported from Italy worldwide, together comprising 57% of total exports.

China, with a CAGR of +154.7%, saw the highest growth rate of the value of exports, among 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 metal threading machine export price stood at $X per unit in 2021, reducing by -41.5% against the previous year. In general, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70% against the previous year. The export price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Mexico ($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 Colombia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Italy

Metal threading machine imports into Italy surged to X units in 2021, picking up by 78% against 2020. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 150% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal threading machine imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 124%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest metal threading machine supplier to Italy, accounting for a 57% share of total imports. Moreover, metal threading machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Belgium (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+50.1% per year) and Belgium (+375.7% per year).

In value terms, the largest metal threading machine suppliers to Italy were Germany ($X), Belgium ($X) and Taiwan (Chinese) ($X), together comprising 88% of total imports.

Belgium, with a CAGR of +344.4%, 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

In 2021, the average metal threading machine import price amounted to $X per unit, picking up by 9% against the previous year. Overall, the import price saw a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 91%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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