Italy: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Italy

In 2021, the Italian machine tool for metal market increased by 1% to $X, rising for the second year in a row after seven years of decline. In general, consumption, however, recorded a abrupt shrinkage. Machine tool for metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Italy

In value terms, machine tool for metal production reached $X in 2021 estimated in export price. In general, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 1.7% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Italy

In 2021, approx. X units of machine tools for working metal without removing metal were exported from Italy; increasing by 19% against 2020. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 75%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports contracted markedly to $X in 2021. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Turkey (X units) and France (X units) were the main destinations of machine tool for metal exports from Italy, with a combined 28% share of total exports. Poland, the United Arab Emirates, Saudi Arabia, Germany, South Africa, the Philippines, Ghana, Switzerland, Mali and Russia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +100.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tool for metal exported from Italy were Poland ($X), the United States ($X) and Turkey ($X), together comprising 34% of total exports. Saudi Arabia, France, Germany, Russia, Switzerland, South Africa, Mali, Ghana, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Mali, with a CAGR of +43.6%, saw 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 metal export price stood at $X per unit in 2021, dropping by -28.9% against the previous year. In general, the export price saw a dramatic contraction. The pace of growth was the most pronounced in 2014 an increase of 3.1%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to the United Arab Emirates ($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 Arab Emirates (-12.9%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Italy

Machine tool for metal imports into Italy surged to X units in 2021, rising by 87% compared with 2020. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), Germany (X units) and Thailand (X units) were the main suppliers of machine tool for metal imports to Italy, together comprising 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +140.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Italy, comprising 59% of total imports. The second position in the ranking was held by Spain ($X), with a 6.5% share of total imports. It was followed by Switzerland, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.2% per year) and Switzerland (-2.6% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, falling by -33.9% against the previous year. Over the period under review, the import price faced a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 61%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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