Italy: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Italy

In 2022, the Italian wood milling machine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a noticeable decline. Wood milling machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wood Milling Machine Production in Italy

In value terms, wood milling machine production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood Milling Machine Exports

Exports from Italy

In 2022, approx. X units of planing, milling or moulding machines were exported from Italy; falling by X% compared with 2021. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood milling machine exports amounted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Belgium (X units) and France (X units) were the main destinations of wood milling machine exports from Italy, together accounting for X% of total exports. Poland, Austria, the Netherlands, Russia, the United States, Sweden, Australia, Slovenia, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Russia ($X) constituted the largest markets for wood milling machine exported from Italy worldwide, with a combined X% share of total exports.

Among the main countries of destination, Austria, with a CAGR of X%, saw the highest growth rate of 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 wood milling machine export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Wood Milling Machine Imports

Imports into Italy

Wood milling machine imports into Italy shrank slightly to X units in 2022, waning by X% compared with 2021 figures. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood milling machine imports soared to $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest wood milling machine supplier to Italy, with a X% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Austria (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of planing, milling or moulding machines to Italy, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate 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 Austria (X% per year).

Import Prices by Country

In 2022, the average wood milling machine import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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