Italy: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Italy

The Italian lathe for removing metal market reduced notably to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, showed a perceptible expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Italy

In value terms, lathe for removing metal production surged to $X in 2023 estimated in export price. In general, production showed a pronounced decline. Lathe for removing metal production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Italy

Lathe for removing metal exports from Italy rose rapidly to X units in 2023, with an increase of X% on the previous year. In general, exports showed tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, lathe for removing metal exports surged to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for lathe for removing metal exports from Italy, with a X% share of total exports. Moreover, lathe for removing metal exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), fourfold. The third position in this ranking was held by Switzerland (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for lathe for removing metal exported from Italy were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. China, Turkey, Austria, India, Mexico, Switzerland, the United Arab Emirates, Peru, Egypt and Morocco lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of 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

The average lathe for removing metal export price stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the average price for exports to Peru ($X per unit) 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.

Imports of Lathes For Removing Metal

Imports into Italy

In 2023, after two years of growth, there was decline in supplies from abroad of lathes for removing metal, when their volume decreased by X% to X units. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, lafor removing metal imports reached the peak figure at X units in 2022, and then declined modestly in the following year.

In value terms, lathe for removing metal imports rose markedly to $X in 2023. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, China (X units) constituted the largest supplier of lathe for removing metal to Italy, with a X% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, the largest lathe for removing metal suppliers to Italy were South Korea ($X), Japan ($X) and Belgium ($X), with a combined X% share of total imports. Germany, Spain, the Netherlands, Taiwan (Chinese), China and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average lathe for removing metal import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform