Price for Navigational Instruments and Appliances; Parts and Accessories in Italy - 2023

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Italy (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Italy (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Italy
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Italy

Price for Navigational Instruments and Appliances; Parts and Accessories in Italy (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $1,437,210 per ton, approximately mirroring the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $2,228 per kg. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,928,400 per ton), while the price for Egypt ($111,683 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Italy (FOB) - 2022

In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $1,083,071 per ton, waning by -37.8% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 99%. The export price peaked at $2,111,167 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4,850,260 per ton), while the average price for exports to Egypt ($78,740 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Italy

In 2022, approx. 64 tons of navigational instruments and appliances; parts and accessorieses were imported into Italy; with an increase of 12% against the previous year. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of navigational instruments and appliances; parts and accessorieses expanded notably to $92M in 2022. In general, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of $123M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Italy in 2022:

1. Netherlands (16.4 tons)
2. Germany (9.3 tons)
3. Norway (6.3 tons)
4. France (6.2 tons)
5. United Kingdom (5.7 tons)
6. Egypt (4.7 tons)
7. United States (4.2 tons)
8. Japan (1.9 tons)
9. Denmark (1.2 tons)
10. Spain (1.2 tons)
11. Belgium (0.9 tons)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Italy

For the fourth consecutive year, Italy recorded growth in overseas shipments of navigational instruments and appliances; parts and accessorieses, which increased by 62% to 57 tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of navigational instruments and appliances; parts and accessorieses amounted to $62M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 9%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Italy in 2022:

1. Australia (9.6 tons)
2. Egypt (6.7 tons)
3. Netherlands (5.9 tons)
4. Brazil (4.8 tons)
5. United States (4.5 tons)
6. Poland (3.3 tons)
7. Germany (3.3 tons)
8. United Kingdom (3.3 tons)
9. China (2.0 tons)
10. Japan (1.7 tons)
11. Hungary (1.6 tons)
12. France (1.3 tons)
13. Turkey (1.0 tons)

Source: IndexBox Market Intelligence Platform