Italy: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Italy

The Italian market for pneumatic or hydraulic hand tools was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +6.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Italy

In value terms, pneumatic or hydraulic hand tool production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a slight decrease. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Italy

In 2021, shipments abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a slight decrease. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Italy, with a combined 29% share 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 the United States (with a CAGR of +8.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Italy were the United States ($X), France ($X) and Germany ($X), with a combined 35% share of total exports. The UK, Spain, Turkey, Poland, Switzerland, China, Greece, Australia, Austria and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.

Austria, with a CAGR of +7.9%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, increasing by 4.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Australia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Italy

In 2021, supplies from abroad of pneumatic or hydraulic hand tools increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% 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.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Italy, accounting for a 63% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.0% per year) and France (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Italy, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Japan, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Japan (-1.2% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, rising by 9.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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