Italy: Market for Numerically Controlled Knee-Type Milling Machines For Working Metal 2024

Market Size for Numerically Controlled Knee-Type Milling Machines For Working Metal in Italy

The Italian market for numerically controlled knee-type milling machines for working metal contracted sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, enjoyed a temperate increase. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted sharply in the following year.

Production of Numerically Controlled Knee-Type Milling Machines For Working Metal in Italy

In value terms, numerically controlled knee-type milling machine production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Numerically controlled knee-type milling machine production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Exports from Italy

After three years of decline, overseas shipments of numerically controlled knee-type milling machines for working metal increased by X% to X units in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, numerically controlled knee-type milling machine exports skyrocketed to $X in 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for numerically controlled knee-type milling machine exports from Italy, accounting for a X% share of total exports. Moreover, numerically controlled knee-type milling machine exports to India exceeded the volume sent to the second major destination, Poland (X units), ninefold. Austria (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

In value terms, the largest markets for numerically controlled knee-type milling machine exported from Italy were Mexico ($X), India ($X) and the United States ($X), with a combined X% share of total exports. Austria, Poland and Egypt lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, 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

In 2022, the average export price for numerically controlled knee-type milling machines for working metal amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

Imports of Numerically Controlled Knee-Type Milling Machines For Working Metal

Imports into Italy

In 2022, approx. X units of numerically controlled knee-type milling machines for working metal were imported into Italy; waning by X% on 2021. In general, imports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, numerically controlled knee-type milling machine imports shrank remarkably to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest numerically controlled knee-type milling machine supplier to Italy, accounting for a X% share of total imports. Moreover, numerically controlled knee-type milling machine imports from India exceeded the figures recorded by the second-largest supplier, Switzerland (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and China (X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of numerically controlled knee-type milling machines for working metal to Italy, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for numerically controlled knee-type milling machines for working metal amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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