Italy: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Italy

The Italian footwear making machinery market skyrocketed to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Footwear Making Machinery Production in Italy

In value terms, footwear making machinery production fell to $X in 2023 estimated in export price. In general, production showed pronounced growth. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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Footwear Making Machinery Exports

Exports from Italy

In 2023, after two years of growth, there was significant decline in overseas shipments of machinery for making or repairing footwear, when their volume decreased by X% to X units. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, footwear making machinery exports fell to $X in 2023. Over the period under review, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Spain (X units) and Albania (X units) were the main destinations of footwear making machinery exports from Italy, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for footwear making machinery exported from Italy were Spain ($X), Portugal ($X) and France ($X), together accounting for X% of total exports.

Spain, with a CAGR of X%, saw the highest growth rate of 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

The average footwear making machinery export price stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, footwear making machinery export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Making Machinery Imports

Imports into Italy

After three years of growth, overseas purchases of machinery for making or repairing footwear decreased by X% to X units in 2023. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, footwear making machinery imports declined rapidly to $X in 2023. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of footwear making machinery to Italy, with a X% share of total imports. Moreover, footwear making machinery imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), sevenfold. Albania (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Albania (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making or repairing footwear to Italy, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average footwear making machinery import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform