Italy: Spades And Shovels Market 2024

Spades And Shovels Market Size in Italy

After five years of growth, the Italian spades and shovels market decreased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Spades And Shovels Production in Italy

In value terms, spades and shovels production fell to $X in 2023 estimated in export price. In general, production, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2022, and then shrank in the following year.

Spades And Shovels Exports

Exports from Italy

In 2023, approx. X tons of spades and shovels were exported from Italy; dropping by X% on 2022 figures. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, spades and shovels exports reduced sharply to $X in 2023. Over the period under review, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and Slovenia (X tons) were the main destinations of spades and shovels exports from Italy, with a combined X% share of total exports. Austria, Spain, Belgium, Switzerland, Finland, Lithuania, Croatia, Algeria, Romania and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Austria ($X) appeared to be the largest markets for spades and shovels exported from Italy worldwide, together comprising X% of total exports. Slovenia, Belgium, Spain, Switzerland, Finland, Romania, Croatia, Lithuania, Algeria and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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 spades and shovels export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spades and shovels export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

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

Spades And Shovels Imports

Imports into Italy

In 2023, the amount of spades and shovels imported into Italy reduced dramatically to X tons, waning by X% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, spades and shovels imports dropped notably to $X in 2023. In general, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then shrank notably in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest spades and shovels supplier to Italy, with a X% share of total imports. Moreover, spades and shovels imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. The Netherlands (X tons) 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: Greece (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of spades and shovels to Italy, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2023, the average spades and shovels import price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell slightly in the following year.

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 Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform