Italy: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Italy

The Italian endless machinery band market rose notably to $X in 2022, surging by X% against the previous year. Overall, consumption posted a prominent expansion. Endless machinery band consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Endless Machinery Band Production in Italy

In value terms, endless machinery band production soared to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Endless Machinery Band Exports

Exports from Italy

In 2022, endless machinery band exports from Italy dropped modestly to X square meters, standing approx. at the previous year's figure. Overall, exports showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters), Spain (X square meters) and Germany (X square meters) were the main destinations of endless machinery band exports from Italy, with a combined X% share of total exports. Switzerland, France, the UK, Poland, Slovenia, Turkey, Mexico, Costa Rica and Ethiopia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for endless machinery band exported from Italy were Germany ($X), the United States ($X) and Spain ($X), together comprising X% of total exports. Turkey, the UK, Switzerland, France, Poland, Slovenia, Mexico, Ethiopia and Costa Rica lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, 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

In 2022, the average endless machinery band export price amounted to $X per square meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Costa Rica ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports into Italy

In 2022, imports of endless bands for machinery, of stainless steel into Italy declined modestly to X square meters, waning by X% on the previous year. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports skyrocketed to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of endless machinery band to Italy, with a X% share of total imports. Moreover, endless machinery band imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), twofold. The third position in this ranking was taken by Spain (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

In value terms, the Netherlands ($X), China ($X) and Spain ($X) were the largest endless machinery band suppliers to Italy, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average endless machinery band import price amounted to $X per square meter, rising by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, endless machinery band import price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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