Italy: Way-Type Unit Head Market 2024

Way-Type Unit Head Market Size in Italy

The Italian way-type unit head market fell markedly to $X in 2021, shrinking by -17.4% against the previous year. Over the period under review, consumption, however, saw significant growth. Over the period under review, the market hit record highs at $X in 2020, and then fell markedly in the following year.

Way-Type Unit Head Production in Italy

In value terms, way-type unit head production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 123%. Over the period under review, production hit record highs at $X in 2020, and then shrank remarkably in the following year.

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Way-Type Unit Head Exports

Exports from Italy

In 2021, the amount of way-type unit heads for working metal exported from Italy shrank notably to X tons, falling by -21.4% compared with the previous year. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 49%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, way-type unit head exports fell significantly to $X in 2021. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 36%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons), Spain (X tons) and the UK (X tons) were the main destinations of way-type unit head exports from Italy, together comprising 39% of total exports. Germany, Saudi Arabia, the Netherlands, Ireland, Turkey, India, Poland, France, Argentina and Austria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +174.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for way-type unit head exported from Italy were Spain ($X), the UK ($X) and Saudi Arabia ($X), with a combined 35% share of total exports. Ireland, Turkey, Austria, Germany, Poland, Argentina, France, the Netherlands, India and Slovenia lagged somewhat behind, together accounting for a further 42%.

Ireland, with a CAGR of +173.5%, recorded the highest rates of growth with regard to 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 way-type unit head export price stood at $X per ton in 2021, reducing by -26.8% against the previous year. In general, the export price recorded a slight slump. The growth pace was the most rapid in 2020 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Way-Type Unit Head Imports

Imports into Italy

After two years of growth, supplies from abroad of way-type unit heads for working metal decreased by -45.8% to X tons in 2021. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 508% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, way-type unit head imports soared to $X in 2021. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 253% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kuwait (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of way-type unit head imports to Italy, together accounting for 84% of total imports. Norway, China and Belgium lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest way-type unit head suppliers to Italy were Kuwait ($X), Germany ($X) and the Netherlands ($X), together accounting for 85% of total imports.

The Netherlands, with a CAGR of +55.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average way-type unit head import price stood at $X per ton in 2021, surging by 288% against the previous year. In general, the import price saw a modest expansion. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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