Italy: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Italy

For the third year in a row, the Italian machine-tool for working metal market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Machine Tools For Working Metal in Italy

In value terms, machine-tool for working metal production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Machine Tools For Working Metal

Exports from Italy

Machine-tool for working metal exports from Italy shrank to X units in 2022, falling by X% compared with 2021. Overall, exports saw a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working metal exports declined to $X in 2022. In general, exports showed a mild descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of machine-tool for working metal exports from Italy, together accounting for X% of total exports. Switzerland, France, Poland, Belgium, Russia, Spain, China, Saudi Arabia, the United Arab Emirates and Canada lagged somewhat behind, together accounting for 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 the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Italy were the United States ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports. Russia, France, Spain, China, Switzerland, Belgium, the UK, Canada, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, 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 machine-tool for working metal export price stood at $X per unit in 2022, standing approx. at 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 reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Imports of Machine Tools For Working Metal

Imports into Italy

In 2022, machine-tool for working metal imports into Italy surged to X units, jumping by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine-tool for working metal imports soared to $X in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of machine-tool for working metal imports to Italy, with a combined X% share of total imports. Taiwan (Chinese), France, the United States, Austria, the UK, Japan, Belgium, Spain and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal suppliers to Italy were Germany ($X), Austria ($X) and Turkey ($X), with a combined X% share of total imports. China, France, Belgium, the UK, Taiwan (Chinese), Japan, Spain, the United States and Brazil lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, 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

The average machine-tool for working metal import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price posted a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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