Italy: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Italy

In 2021, the Italian stone polishing machine market increased by 8.6% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Stone Polishing Machine Production in Italy

In value terms, stone polishing machine production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Stone polishing machine production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Stone Polishing Machine Exports

Exports from Italy

Stone polishing machine exports from Italy soared to X units in 2021, with an increase of 59% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, stone polishing machine exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), India (X units) and Egypt (X units) were the main destinations of stone polishing machine exports from Italy, together accounting for 23% of total exports. These countries were followed by Japan, China, the Czech Republic, Algeria, Pakistan, Israel, the United States, South Korea, Russia and South Africa, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +72.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Italy, comprising 14% of total exports. The second position in the ranking was held by Poland ($X), with a 5.4% share of total exports. It was followed by China, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.6% per year) and China (+1.0% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, which is down by -19% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 64% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Pakistan ($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 the United States (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Polishing Machine Imports

Imports into Italy

In 2021, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Italy; picking up by 245% compared with 2020 figures. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine imports soared to $X in 2021. Over the period under review, imports recorded resilient growth. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stone polishing machine to Italy, with a 49% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. France (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+39.6% per year) and France (+14.8% per year).

In value terms, the largest stone polishing machine suppliers to Italy were France ($X), Germany ($X) and China ($X), together comprising 84% of total imports. South Korea, the Netherlands, Turkey, Austria and Moldova lagged somewhat behind, together comprising a further 11%.

Turkey, with a CAGR of +27.3%, recorded the highest rates of growth with regard to 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 stone polishing machine import price amounted to $X per unit, which is down by -36.3% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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