Seals; Mechanical Price in Italy - 2023

Seals; Mechanical Price in Italy (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $2.4 per unit, declining by -12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. The import price peaked at $2.9 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 UK ($15 per unit), while the price for Turkey ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Italy (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.4 per unit, approximately reflecting the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seals; mechanical export price increased by +85.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked at $3.4 per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($5.9 per unit), while the average price for exports to Brazil ($1 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 China (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Italy

In 2022, approx. 40M units of seals; mechanicals were imported into Italy; growing by 5.8% against the previous year. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, seals; mechanical imports reduced to $93M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $100M, and then reduced in the following year.

Import of Seals; Mechanical in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	30.7	29.7	33.3	31.6	1.0%
China	9.2	7.7	11.1	13.2	12.8%
Netherlands	8.0	8.6	11.0	10.5	9.5%
United Kingdom	13.2	14.3	10.6	10.2	-8.2%
France	5.2	3.2	6.0	5.0	-1.3%
India	4.6	4.1	4.8	3.9	-5.4%
South Korea	2.8	2.5	3.8	3.9	11.7%
Taiwan (Chinese)	1.4	1.0	1.3	1.7	6.7%
Poland	0.5	0.6	0.8	1.1	30.1%
Japan	1.4	0.5	0.9	0.9	-13.7%
Turkey	0.2	0.1	0.4	0.5	35.7%
Indonesia	1.5	1.4	1.0	N/A	-18.4%
Others	13.0	10.9	15.2	10.7	-6.3%
Total	91.8	84.7	100	93.4	0.6%

Top Suppliers of Seals; Mechanical to Italy in 2022:

Indonesia (undefinedM units)
China (15.0M units)
Germany (9.3M units)
Netherlands (4.0M units)
South Korea (2.7M units)
India (1.6M units)
Taiwan (Chinese) (1.3M units)
Japan (1.0M units)
Poland (0.8M units)
Turkey (0.7M units)
France (0.7M units)
United Kingdom (0.7M units)

Seals; Mechanical Exports in Italy

In 2022, the amount of seals; mechanicals exported from Italy shrank modestly to 24M units, reducing by -4.9% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of 26M units, and then dropped modestly in the following year.

In value terms, seals; mechanical exports declined to $84M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, the exports reached the peak of $88M, and then shrank in the following year.

Export of Seals; Mechanical in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	0.6	4.3	11.3	11.6	168.4%
Germany	7.9	8.0	10.7	10.8	11.0%
United States	6.1	5.5	7.7	8.6	12.1%
Hungary	0.5	3.7	7.6	5.6	123.7%
China	2.0	2.7	3.4	4.9	34.8%
Turkey	3.2	3.8	4.5	4.3	10.4%
Spain	6.3	6.5	5.9	3.7	-16.3%
France	3.2	2.6	3.2	2.8	-4.4%
Iran	0.1	0.4	0.6	1.4	141.0%
India	1.0	0.9	1.3	1.4	11.9%
Austria	0.8	1.3	1.4	1.4	20.5%
Netherlands	1.2	1.1	1.2	1.2	0.0%
Brazil	0.4	0.6	1.1	0.8	26.0%
Others	20.1	20.8	28.5	25.2	7.8%
Total	53.5	62.2	88.4	83.9	16.2%