Italy: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Italy

The Italian interchangeable tool market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption recorded a strong increase. Interchangeable tool consumption peaked in 2022 and is expected to retain growth in the immediate term.

Interchangeable Tool Production in Italy

In value terms, interchangeable tool production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Interchangeable tool production peaked in 2022 and is expected to retain growth in the near future.

Interchangeable Tool Exports

Exports from Italy

In 2022, shipments abroad of interchangeable tools for hand tools increased by X% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, interchangeable tool exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2018; afterwards, it flattened through to 2022.

Exports by Country

Germany (X tons) was the main destination for interchangeable tool exports from Italy, accounting for a X% share of total exports. Moreover, interchangeable tool exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the United States (X% per year).

In value terms, Germany ($X) remains the key foreign market for interchangeable tools for hand tools exports from Italy, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average interchangeable tool export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a mild decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X 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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Tool Imports

Imports into Italy

In 2022, the amount of interchangeable tools for hand tools imported into Italy shrank modestly to X tons, declining by X% on 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, interchangeable tool imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of interchangeable tool to Italy, with a X% share of total imports. Moreover, interchangeable tool imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Austria (X% per year).

In value terms, Germany ($X) constituted the largest supplier of interchangeable tools for hand tools to Italy, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average interchangeable tool import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price saw a pronounced reduction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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