Italy - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grease Fittings and Oil Seals in Italy - 2023
Contents:
- Price for Grease Fittings and Oil Seals in Italy (FOB) - 2023
- Price for Grease Fittings and Oil Seals in Italy (CIF) - 2023
- Exports of Grease Fittings and Oil Seals in Italy
- Imports of Grease Fittings and Oil Seals in Italy
Price for Grease Fittings and Oil Seals in Italy (FOB) - 2023
The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $11.5 per unit in August 2023, dropping by -6.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 28% m-o-m. Over the period under review, the average export prices attained the peak figure at $12.3 per unit in July 2023, and then dropped in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the UK ($35.9 per unit), while the average price for exports to Egypt ($125 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Grease Fittings and Oil Seals in Italy (CIF) - 2023
The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $7.3 per unit in August 2023, increasing by 64% against the previous month. In general, import price indicated a tangible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, grease fittings and oil seals import price increased by +145.6% against February 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($14.9 per unit), while the price for India ($1.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Grease Fittings and Oil Seals in Italy
In 2022, exports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels from Italy dropped slightly to 46M units, waning by -4.8% compared with 2021. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 5.4% against the previous year. Over the period under review, the exports reached the peak figure at 51M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, grease fittings and oil seals exports fell to $336M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of $356M, and then reduced in the following year.
| Export of Grease Fittings and Oil Seals in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 69.1 | 63.0 | 83.9 | 84.7 | 7.0% |
| United States | 36.9 | 32.0 | 38.0 | 30.8 | -5.8% |
| France | 27.7 | 28.3 | 20.7 | 19.6 | -10.9% |
| Sweden | 8.6 | 10.7 | 17.4 | 16.0 | 23.0% |
| Spain | 11.8 | 10.7 | 12.2 | 15.8 | 10.2% |
| United Kingdom | 11.1 | 8.8 | 17.0 | 14.9 | 10.3% |
| Switzerland | 19.5 | 15.3 | 22.1 | 14.4 | -9.6% |
| China | 13.1 | 12.0 | 12.5 | 11.3 | -4.8% |
| India | 6.9 | 8.5 | 12.1 | 11.2 | 17.5% |
| Austria | 4.4 | 5.2 | 5.8 | 6.9 | 16.2% |
| Netherlands | 5.6 | 6.2 | 7.3 | 6.2 | 3.5% |
| Algeria | 1.7 | 3.5 | 1.8 | 5.5 | 47.9% |
| Qatar | 1.6 | 0.2 | 0.5 | 4.1 | 36.8% |
| Others | 98.6 | 93.9 | 105 | 94.0 | -1.6% |
| Total | 317 | 298 | 356 | 336 | 2.0% |
Top Export Markets for Grease Fittings and Oil Seals from Italy in 2022:
- Germany (11.5M units)
- France (2.9M units)
- United States (2.6M units)
- United Kingdom (2.0M units)
- Switzerland (1.9M units)
- Algeria (1.8M units)
- China (1.6M units)
- Spain (1.6M units)
- Sweden (1.4M units)
- India (1.2M units)
- Austria (1.2M units)
- Qatar (1.1M units)
- Netherlands (1.1M units)
Imports of Grease Fittings and Oil Seals in Italy
Grease fittings and oil seals imports into Italy surged to 50M units in 2022, with an increase of 24% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +85.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, grease fittings and oil seals imports rose notably to $205M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +65.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Grease Fittings and Oil Seals in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 58.0 | 55.0 | 74.4 | 94.0 | 17.5% |
| Switzerland | 14.4 | 9.6 | 15.2 | 15.5 | 2.5% |
| China | 5.2 | 6.0 | 10.9 | 12.9 | 35.4% |
| Turkey | 5.9 | 4.9 | 7.8 | 9.5 | 17.2% |
| France | 9.4 | 8.0 | 12.5 | 8.5 | -3.3% |
| Tunisia | 5.8 | 6.4 | 10.1 | 8.4 | 13.1% |
| Taiwan (Chinese) | 2.6 | 4.3 | 4.8 | 5.9 | 31.4% |
| Hungary | 0.4 | 0.3 | 1.4 | 3.9 | 113.6% |
| Indonesia | 0.4 | 0.4 | 1.7 | 3.6 | 108.0% |
| Czech Republic | 3.1 | 2.1 | 1.8 | 3.0 | -1.1% |
| India | 1.0 | 1.7 | 1.6 | 2.6 | 37.5% |
| Others | 27.1 | 25.4 | 38.3 | 37.1 | 11.0% |
| Total | 133 | 124 | 181 | 205 | 15.5% |
Top Suppliers of Grease Fittings and Oil Seals to Italy in 2022:
- Germany (20.6M units)
- Czech Republic (4.7M units)
- China (4.5M units)
- France (4.0M units)
- Tunisia (3.2M units)
- Turkey (2.4M units)
- Switzerland (1.5M units)
- India (1.3M units)
- Indonesia (1.2M units)
- Taiwan (Chinese) (0.9M units)
- Hungary (0.8M units)
This report provides an in-depth analysis of the market for grease fittings and oil seals in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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