Knives and cutting blades for machines or mechanical appliances market in Italy

Earlier Report Observations

The market for knives and cutting blades for machines in Italy showed considerable movement between 2018 and 2023. Starting at USD 115.4 million in 2018, the market size decreased to USD 101.6 million in 2019 and then contracted sharply to USD 47.2 million in 2021. A partial recovery followed, with the market reaching USD 68.4 million in 2023, though this remained significantly below the initial level.

The changes in market size were closely tied to shifts in domestic production and international trade. Production fell from USD 131.7 million in 2018 to USD 78.4 million in 2021 before recovering to USD 113.2 million in 2023. Over the same period, strong export performance, reaching USD 152.9 million in 2023, acted as a drain on the domestic market, even as imports provided some offset.

Production machine knives and cutting blades in Italy

In value, 2017-2020, M $ US

Italy's production of knives and cutting blades for machines or mechanical appliances declined for the second consecutive year. In 2019, output was valued at 100.9 million US dollars, marking a significant year-over-year decrease of 23.4%. Over the 2017-2019 period, production fell by 24.5%, with a compound annual growth rate of -8.9%.

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

In kind, 2017-2020, t

Italy's production of knives and cutting blades for machines or mechanical appliances declined for the second consecutive year. In 2019, 6,240 tonnes were produced, representing a substantial year-over-year drop of 35.0%. From 2017 to 2019, production decreased by 71.4%, with a compound annual growth rate of -34.1%.

Annual dynamics of production in Italy in kind, 2017-2020, t

Exports machine knives and cutting blades from Italy

Exports in kind, t

Italy's export volume of knives and cutting blades for machines or mechanical appliances declined for the second consecutive year. In 2020, exports amounted to 3,756 tonnes, showing a gradual decrease of 3.3% compared to 2019. Over the 2017-2020 period, exports increased by 12.7%, with a compound annual growth rate of 4.1%. The peak was recorded in 2018 at 3,979 tonnes, which also saw the largest annual increase of 19.4%.

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

From 2017 to 2020, Italy's exports of knives and cutting blades for machines or mechanical appliances were distributed across numerous countries. Germany accounted for 17.4% of exports, France for 8.5%, and the United States for 6.6%, with these three countries together representing only 32.4% of total export flows.

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

After two years of growth, Italy's exports of knives and cutting blades for machines or mechanical appliances declined. In 2020, exports were valued at 102.5 million US dollars, down 7.2% from the previous year. Over the 2017-2020 period, exports increased by 7.7%, with a compound annual growth rate of 2.5%. The highest value was recorded in 2019 at 110.5 million US dollars, while the largest annual increase occurred in 2018 at 15.2%.

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

From 2017 to 2020, Italy's exports of knives and cutting blades for machines or mechanical appliances in value terms were widely dispersed among partner countries. Germany accounted for 20.5% of exports, the United States for 8.0%, and France for 5.0%, with these three countries together representing only 33.5% of total export flows.

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

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

Imports machine knives and cutting blades to Italy

Imports in kind, t

In 2020, Italy's imports of knives and cutting blades for machines or mechanical appliances amounted to 3,596 tonnes, reflecting a sharp year-over-year decline of 25.2%. Over the 2017-2020 period, imports decreased by 22.6%, with a compound annual growth rate of -8.2%. The peak was recorded in 2019 at 4,808 tonnes, which also saw the largest annual increase of 13.8%.

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

From 2017 to 2020, Germany, Austria, and France were key suppliers of knives and cutting blades for machines or mechanical appliances to Italy. Germany accounted for 21.4% of imports, Austria for 19.1%, and France for 9.5%, with their combined share reaching 50.0% of total imports, while the remaining 50.0% was distributed among many other partners.

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

After two years of increase, Italy's imports of knives and cutting blades for machines or mechanical appliances declined. In 2020, imports were valued at 75.9 million US dollars, down 31.7% year-over-year. Between 2017 and 2020, imports decreased by 12.9%, equating to an annualized rate of -4.5%. The highest value was recorded in 2019 at 111.1 million US dollars, which also saw the largest annual increase of 19.1%.

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

From 2017 to 2020, Germany, Austria, and France consistently held leading positions in Italy's import structure for knives and cutting blades for machines or mechanical appliances in value terms. Germany accounted for 37.9% of imports, Austria for 12.4%, and France for 6.6%, with these three countries together representing 56.9% of total import flows.

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

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