Italy: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Italy

The Italian market for machine-tools for working stone, ceramics, and concrete dropped to $X in 2021, shrinking by -3.9% against the previous year. In general, consumption, however, recorded a pronounced descent. Machine tools for working stone consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Italy

In value terms, machine tools for working stone production reduced markedly to $X in 2021 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 107%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Italy

In 2021, exports of machine-tools for working stone, ceramics, and concrete from Italy dropped to X units, with a decrease of -6.5% against the previous year's figure. Over the period under review, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 51% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 42%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), the United States (X units) and Egypt (X units) were the main destinations of machine tools for working stone exports from Italy, with a combined 25% share of total exports. Poland, Germany, India, the UK, France, Uzbekistan, Morocco, Canada, Algeria and Brazil lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +67.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Poland ($X) appeared to be the largest markets for machine tools for working stone exported from Italy worldwide, together comprising 27% of total exports. Canada, the UK, Germany, France, Egypt, Uzbekistan, Algeria, India, Brazil and Morocco lagged somewhat behind, together accounting for a further 34%.

Uzbekistan, with a CAGR of +59.1%, 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

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Morocco ($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 Egypt (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Italy

Machine tools for working stone imports into Italy soared to X units in 2021, with an increase of 28% on 2020. Overall, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 78%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Finland (X units), Germany (X units) and the United States (X units) were the main suppliers of machine tools for working stone imports to Italy, with a combined 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and Austria ($X) appeared to be the largest machine tools for working stone suppliers to Italy, together comprising 64% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +79.9%, recorded the highest rates of growth with regard to 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 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, flattening at the previous year. Overall, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 172%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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