Italy: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Italy

The Italian lathe for removing metal market fell notably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Lathes For Removing Metal in Italy

In value terms, lathe for removing metal production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, lafor removing metal production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Lathes For Removing Metal

Exports from Italy

In 2022, shipments abroad of lathes for removing metal increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, lathe for removing metal exports reduced slightly to $X in 2022. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Germany (X units) and Peru (X units) were the main destinations of lathe for removing metal exports from Italy, with a combined X% share of total exports. The United States, Mexico, Algeria, Switzerland, France, India, Ethiopia, the United Arab Emirates, Egypt and China 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 Ethiopia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest markets for lathe for removing metal exported from Italy worldwide, together accounting for X% of total exports. France, Turkey, Switzerland, Mexico, India, the United Arab Emirates, Egypt, Algeria, Ethiopia and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ethiopia, with a CAGR of X%, recorded the highest growth rate of 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 lathe for removing metal export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Peru ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Italy

In 2022, purchases abroad of lathes for removing metal increased by X% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated strong 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 2014 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lathe for removing metal imports surged to $X in 2022. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of lathe for removing metal imports to Italy, with a combined X% share of total imports. Germany, Taiwan (Chinese), the Netherlands, Belgium, the United States, Spain, France, Austria, the Czech Republic and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, South Korea ($X), Japan ($X) and Germany ($X) appeared to be the largest lathe for removing metal suppliers to Italy, together comprising X% of total imports. Belgium, Spain, Taiwan (Chinese), the Netherlands, China, France, the Czech Republic, Austria, Switzerland and the United States lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

The average lathe for removing metal import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Belgium ($X per unit), while the price for China ($X per unit) 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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