Italy: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Italy

In 2022, the Italian industrial bakery machinery market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a dramatic contraction. Industrial bakery machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Italy

In value terms, industrial bakery machinery production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports from Italy

Industrial bakery machinery exports from Italy declined to X units in 2022, shrinking by X% on the previous year's figure. Overall, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United States (X units), France (X units) and Egypt (X units) were the main destinations of industrial bakery machinery exports from Italy, together accounting for X% of total exports. Germany, Saudi Arabia, Angola, Russia, Morocco, the UK, Spain, Canada, Romania and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) were the largest markets for industrial bakery machinery exported from Italy worldwide, together accounting for X% of total exports. Canada, Spain, Russia, Angola, the UK, Saudi Arabia, Egypt, Romania, Australia and Morocco lagged somewhat behind, together accounting for a further X%.

Angola, with a CAGR of X%, saw 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

The average industrial bakery machinery export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Egypt ($X 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Italy

Industrial bakery machinery imports into Italy fell to X units in 2022, which is down by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports plummeted to $X in 2022. In general, total imports indicated noticeable growth 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial bakery machinery supplier to Italy, accounting for a X% share of total imports. Moreover, industrial bakery machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by France (X units), with an X% share.

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

In value terms, the largest industrial bakery machinery suppliers to Italy were China ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Denmark, Austria, Switzerland, Spain, Belgium, Taiwan (Chinese), India, the Netherlands, the UK and Malaysia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 industrial bakery machinery import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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