Italy: Measuring Instrument Market Overview 2021

Measuring Instrument Market Size in Italy

In 2019, the Italian measuring instrument market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption posted tangible growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Measuring Instrument Production in Italy

In value terms, measuring instrument production declined to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from Italy

After three years of growth, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -X% to X units in 2019. In general, exports recorded a slight decline. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X units in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, measuring instrument exports declined sharply to $X in 2019. Overall, total exports indicated a temperate increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2018, and then dropped sharply in the following year.

Exports by Country

Germany (X units), Romania (X units) and France (X units) were the main destinations of measuring instrument exports from Italy, together comprising X% of total exports. These countries were followed by the U.S., Spain, Saudi Arabia, Sweden, Austria, Brazil, Taiwan (Chinese), Slovakia, Azerbaijan and China, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Italy were France ($X), Germany ($X) and the U.S. ($X), together comprising X% of total exports. Romania, Spain, China, Azerbaijan, Saudi Arabia, Brazil, Austria, Sweden, Taiwan (Chinese) and Slovakia lagged somewhat behind, together comprising a further X the main countries of destination, Azerbaijan (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2019, dropping by -X% against the previous year. Overall, export price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Italy

In 2019, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports totaled $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Switzerland (X units), Germany (X units) and France (X units) were the main suppliers of measuring instrument imports to Italy, with a combined X% share of total imports. These countries were followed by China, the Czech Republic, the U.S., the UK, Slovakia, the Netherlands, Taiwan (Chinese) and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in Slovakia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument suppliers to Italy were Germany ($X), France ($X) and the U.S. ($X), with a combined X% share of total imports. The Netherlands, Switzerland, the Czech Republic, China, the UK, Slovakia, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of 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

The average measuring instrument import price stood at $X per unit in 2019, approximately equating the previous year. Overall, import price indicated a remarkable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, measuring instrument import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per unit in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for instruments and apparatus for measuring or checking the flow or level of liquids in the world?

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The country with the largest volume of measuring instrument consumption was Japan (215M units), accounting for 42% of total volume. Moreover, measuring instrument consumption in Japan exceeded the figures recorded by the second-largest consumer, China (70M units), threefold. Brazil (40M units) ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of instruments and apparatus for measuring or checking the flow or level of liquids in the world?

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The country with the largest volume of measuring instrument production was Japan (234M units), accounting for 48% of total volume. Moreover, measuring instrument production in Japan exceeded the figures recorded by the second-largest producer, China (72M units), threefold. Brazil (40M units) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of instruments and apparatus for measuring or checking the flow or level of liquids to Italy?

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In value terms, Germany ($49M), France ($30M) and the U.S. ($18M) constituted the largest measuring instrument suppliers to Italy, together accounting for 57% of total imports. The Netherlands, Switzerland, the Czech Republic, China, the UK, Slovakia, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

What are the leading importers of instruments and apparatus for measuring or checking the flow or level of liquids from Italy?

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In value terms, France ($11M), Germany ($9.7M) and the U.S. ($9.4M) constituted the largest markets for measuring instrument exported from Italy worldwide, together accounting for 21% of total exports. These countries were followed by Romania, Spain, China, Azerbaijan, Saudi Arabia, Brazil, Austria, Sweden, Taiwan (Chinese) and Slovakia, which together accounted for a further 24%.

What is the average export price for instruments and apparatus for measuring or checking the flow or level of liquids in Italy?

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The average measuring instrument export price stood at $37 per unit in 2019, falling by -15.9% against the previous year.

What is the average import price for instruments and apparatus for measuring or checking the flow or level of liquids in Italy?

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In 2019, the average measuring instrument import price amounted to $41 per unit, approximately equating the previous year.