Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Italy - 2023

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Italy (CIF) - 2023
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Italy (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Italy
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Italy

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Italy (CIF) - 2023

In December 2023, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $5.8 per unit, declining by -60.1% against the previous month. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 133% m-o-m. As a result, import price reached the peak level of $21.4 per unit. From October 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Spain ($43.3 per unit), while the price for China ($2.6 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Italy (FOB) - 2022

The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $33 per unit in 2022, falling by -32.1% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 163%. Over the period under review, the average export prices hit record highs at $55 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($150 per unit), while the average price for exports to the United States ($5.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Italy

In 2022, approx. 1.3M units of drawing, marking-out or mathematical calculating instrumentses were imported into Italy; picking up by 22% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 72%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses shrank slightly to $7.7M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, imports attained the peak of $8M, and then fell in the following year.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Italy in 2022:

1. China (538.9K units)
2. Hungary (260.6K units)
3. Germany (135.9K units)
4. Austria (80.6K units)
5. Spain (75.2K units)
6. France (68.1K units)
7. Belgium (40.3K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Italy

In 2022, exports of drawing, marking-out or mathematical calculating instrumentses from Italy surged to 189K units, growing by 44% against 2021 figures. The total export volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses reduced slightly to $6.3M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.6% against the previous year. As a result, the exports reached the peak of $6.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Italy in 2022:

1. United States (55.1K units)
2. Saudi Arabia (52.8K units)
3. Spain (15.2K units)
4. France (14.7K units)
5. Germany (8.9K units)
6. Switzerland (7.8K units)
7. Canada (6.1K units)
8. United Kingdom (3.4K units)
9. Poland (2.1K units)
10. Malta (1.8K units)
11. Czech Republic (1.0K units)
12. Slovakia (0.6K units)

Source: IndexBox Market Intelligence Platform