Italy: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Italy

In 2021, the Italian market for parts of apparatus of hs increased by 72% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.1% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Parts Of Apparatus Of Hs in Italy

In value terms, parts of apparatus of hs production shrank significantly to $X in 2021 estimated in export price. In general, production, however, saw a sharp setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 59% against the previous year. Parts of apparatus of hs production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Italy

Parts of apparatus of hs exports from Italy totaled X units in 2021, picking up by 13% against 2020. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs exports surged to $X in 2021. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Hungary (X units), Germany (X units) and the United States (X units) were the main destinations of parts of apparatus of hs exports from Italy, together comprising 50% of total exports. France, China, Hong Kong SAR, the UK, Spain, the Czech Republic, the Netherlands, Switzerland and Bulgaria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +24.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the Netherlands ($X) were the largest markets for parts of apparatus of hs exported from Italy worldwide, with a combined 38% share of total exports. The Czech Republic, the United States, France, Spain, Hungary, the UK, China, Hong Kong SAR and Bulgaria lagged somewhat behind, together accounting for a further 30%.

The Czech Republic, with a CAGR of +42.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 parts of apparatus of hs amounted to $X per unit, rising by 10% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 95%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Hungary ($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 Spain (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Italy

In 2021, supplies from abroad of parts of apparatus of hs increased by 19% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs imports expanded remarkably to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.5% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Italy, accounting for a 56% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and the Netherlands (+0.2% per year).

In value terms, the largest parts of apparatus of hs suppliers to Italy were Germany ($X), China ($X) and the Netherlands ($X), together accounting for 66% of total imports. Poland, France, Vietnam, Belgium, the UK, Hungary, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 17%.

Vietnam, with a CAGR of +34.0%, recorded the highest growth rate of 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 import price for parts of apparatus of hs stood at $X per unit in 2021, reducing by -6% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 35%. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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