Electrical push-button and rotary switches market in Italy

Earlier Report Observations

The Italian market for electrical push-button and rotary switches, valued at 578 million US dollars in 2018, contracted over the next two years, falling to 472 million US dollars in 2019 and further to 421 million US dollars in 2020. This downward trend reversed sharply in 2021, with the market expanding by 33% to reach 560 million US dollars. Growth continued in 2022 and 2023, with the market size increasing to 642 million US dollars and then to 804 million US dollars, respectively.

In 2024, the market volume declined to 675 million US dollars. This year saw the implementation of updated regulatory standards for low-voltage electrical installations, including the ninth edition of the CEI 64-8 norm effective from November 2024, which introduced stricter safety and energy efficiency requirements for switches and related components. These regulatory changes, along with revised norms for low-voltage switchgear assemblies and worker safety protocols, represented a significant shift in the technical landscape for electrical equipment in Italy.

Production electrical push-button and rotary switches in Italy

In value, 2017-2020, M $ US

Italy's production of electrical push-button and rotary switches has declined for the second year in a row. In 2019, output was valued at 351.0 million US dollars, marking a 16.6% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 10.6%, which translates to an average annual decline of 3.7%. The peak was reached in 2018, with production hitting 516.5 million US dollars, representing a 31.6% increase from 2017. However, the sharpest drop occurred in 2019, when production plunged by 18.5%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports electrical push-button and rotary switches from Italy

Exports in kind, t

Italy's exports of electrical push-button and rotary switches in volume terms have decreased for the third consecutive year. In 2020, exports totaled 8 356 tonnes, showing a significant decline of 17.7% compared to 2019. Over the four-year span from 2017 to 2020, exports dropped by 28.5%, averaging an annual decrease of 10.6%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's exports of electrical push-button and rotary switches in volume terms were highly diversified across many countries. The top three destinations—Poland (8.0% of exports), France (7.0%), and Germany (6.9%)—collectively accounted for just 21.8% of total exports. The remaining 78.2% was spread among numerous smaller trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Italy's exports of electrical push-button and rotary switches in value terms have fallen for the second year in a row. In 2020, exports amounted to 439.7 million US dollars, down 10.6% from the previous year. Over the period from 2017 to 2020, exports decreased by 14.1%, with a compound annual growth rate (CAGR) of -4.9%. The highest value was recorded in 2018 at 523.7 million US dollars, which was a 2.3% increase from 2017.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

Between 2017 and 2020, Italy exported electrical push-button and rotary switches to a wide range of countries. Even the largest markets—Germany, France, and Poland—together made up only 26.9% of total exports in value terms, highlighting the diverse nature of Italy's export destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports electrical push-button and rotary switches to Italy

Imports in kind, t

After two years of decline, Italy's imports of electrical push-button and rotary switches in volume terms increased in 2020. Imports reached 11 548 tonnes, reflecting a gradual rise of 5.6% from 2019. However, over the full period from 2017 to 2020, imports decreased by 11.8%, averaging an annual decline of 4.1%. The lowest point was in 2019, with imports at 10 941 tonnes, following the largest drop of 14.6% in 2018.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's imports of electrical push-button and rotary switches in volume terms were spread across many countries without a clear dominant partner. The top three sources—Germany (21.2% of imports), Czechia (18.3%), and France (9.5%)—together accounted for just 49.0% of total imports, indicating a fragmented import structure.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy's imports of electrical push-button and rotary switches in value terms have declined for the second consecutive year. In 2020, imports totaled 509.5 million US dollars, showing a moderate decrease of 6.3% year-on-year. Over the period from 2017 to 2020, imports fell by 10.7%, with an average annual decline of 3.7%. The peak was in 2018 at 585.2 million US dollars, which was a 2.6% increase from 2017, while the sharpest drop occurred in 2019 with a 7.1% decrease.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

Between 2017 and 2020, Germany (36.7% of imports in value terms), France (10.5%), and Romania (8.2%) were the main sources for Italy's imports of electrical push-button and rotary switches. Together, these three countries accounted for 55.4% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020