Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy (FOB) - 2023
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy (CIF) - 2022
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy (FOB) - 2023

In December 2023, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $33,892 per ton, dropping by -6.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 12% m-o-m. Over the period under review, the average export prices reached the maximum at $36,097 per ton in November 2023, and then shrank in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was China ($52,782 per ton), while the average price for exports to Germany ($18,703 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $19,912 per ton in 2022, declining by -17.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $26,744 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($76,970 per ton), while the price for Bosnia and Herzegovina ($2,695 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy

In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Italy contracted to 57K tons, which is down by -12.9% against the previous year. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 23%. As a result, the exports reached the peak of 66K tons, and then dropped in the following year.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses contracted to $1.6B in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $1.7B, and then dropped in the following year.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Italy in 2022:

1. Germany (8.4K tons)
2. United States (6.1K tons)
3. France (5.4K tons)
4. Spain (2.7K tons)
5. Turkey (2.5K tons)
6. Poland (2.5K tons)
7. China (1.9K tons)
8. United Kingdom (1.7K tons)
9. India (1.6K tons)
10. Switzerland (1.5K tons)
11. Mexico (1.3K tons)
12. Croatia (1.3K tons)
13. Romania (1.2K tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Italy

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Italy was estimated at 23K tons, growing by 14% against the year before. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses dropped to $465M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Italy in 2022:

1. China (8.2K tons)
2. Germany (4.3K tons)
3. France (1.9K tons)
4. Romania (1.7K tons)
5. Bosnia and Herzegovina (0.6K tons)
6. Spain (0.6K tons)
7. Netherlands (0.5K tons)
8. Poland (0.5K tons)
9. Turkey (0.4K tons)
10. Hungary (0.4K tons)
11. Belgium (0.4K tons)
12. Czech Republic (0.3K tons)
13. Austria (0.3K tons)

Source: IndexBox Market Intelligence Platform