Italy: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Italy

The Italian market for grinding, sanding and polishing machines declined markedly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level at $X in 2022, and then declined dramatically in the following year.

Production of Grinding, Sanding and Polishing Machines in Italy

In value terms, grinding, sanding and polishing machine production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Grinding, sanding and polishing machine production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Italy

In 2023, grinding, sanding and polishing machine exports from Italy soared to X units, growing by X% compared with the previous year's figure. In general, total exports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports totaled $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of grinding, sanding and polishing machine exports from Italy, with a combined X% share of total exports. The United States, Slovenia, Spain, Poland, Sweden, Croatia, Greece, Austria and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Italy worldwide, with a combined X% share of total exports. Poland, Sweden, Slovenia, the Netherlands, Austria, Spain, Croatia, the UK and Greece lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2022, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the Netherlands ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Italy

In 2023, after five years of growth, there was significant decline in supplies from abroad of grinding, sanding and polishing machines, when their volume decreased by X% to X units. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2022, and then declined dramatically in the following year.

In value terms, grinding, sanding and polishing machine imports reduced modestly to $X in 2023. Overall, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then shrank slightly in the following year.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of grinding, sanding and polishing machine imports to Italy, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and China ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to Italy, with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest growth rate of 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 import price for grinding, sanding and polishing machines stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The import price peaked at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform