Metal cutting shears market in Italy

Earlier Report Observations

In 2018, the Italian market for metal cutting shears stood at USD 10.1 million, a level supported by growing demand from the automotive sector and the rising adoption of CNC machines, coupled with technological innovations in tool materials like high-speed steels and advanced coatings. The market volume then fell to USD 6.2 million in 2019. The following year, the COVID-19 pandemic triggered widespread supply chain disruptions, especially in the automotive industry, which further reduced the market to USD 5.8 million in 2020.

A sharp recovery occurred in 2021, lifting the market to USD 9.0 million as post-pandemic demand rebounded strongly and investments in Industry 4.0 automation enhanced production processes. Growth in the high-speed steel (HSS) tool segment, fueled by demand from aerospace and automotive applications, contributed significantly. By 2022, the market stabilized at USD 9.1 million; while demand for precision cutting tools remained healthy across multiple sectors, global steel shortages and supply chain constraints resulting from the Russia-Ukraine war capped further expansion.

Production metal cutting shears in Italy

In value, 2017-2020, K $ US

In Italy, the production value of metal cutting shears reached 5 857 thousand US dollars in 2020, marking an 8.6% increase from 2019. The maximum value was recorded in 2018 at 9 514 thousand US dollars, while the minimum occurred in 2019 at 5 394 thousand US dollars. The largest decline of 43.3% was observed in 2019. Overall, from 2017 to 2020, production decreased by 34.8%, which translates to an annualized decline rate of 13.3%.

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

In kind, 2017-2020, t

Italy produced 317.0 tonnes of metal cutting shears in 2020, showing a 1.9% increase compared to the previous year. The minimum production volume was recorded in 2019 at 311.0 tonnes, with the largest decline of 40.0% also occurring that year. Over the period from 2017 to 2020, production decreased by 38.8%, corresponding to a compound annual growth rate of -15.1%.

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

Exports metal cutting shears from Italy

Exports in kind, t

Italy's exports of metal cutting shears have grown for the third consecutive year. In 2020, export volume reached 201.4 tonnes, a 47.7% increase year-over-year. From 2017 to 2020, exports rose by 87.6%, with a compound annual growth rate of 23.3%.

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

From 2017 to 2020, Saudi Arabia, Germany, and France were among the largest buyers of metal cutting shears from Italy, accounting for 14.0%, 13.8%, and 9.1% of exports in kind, respectively. Together, they represented 37.0% of total exports in kind, indicating a broadly diversified partner base.

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, K $ US

Italy's exports of metal cutting shears in value terms have increased for the second consecutive year. In 2020, exports amounted to 2 776 thousand US dollars, showing minimal change from the previous year. The minimum value was recorded in 2018 at 2 500 thousand US dollars, with the largest decline of 3.1% occurring that year. The largest increase of 10.6% was observed in 2019. Overall, from 2017 to 2020, exports grew by 7.6%, with a compound annual growth rate of 2.5%.

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

From 2017 to 2020, the partner structure for exports in value terms was balanced rather than concentrated. Germany, France, and the United States accounted for 17.9%, 14.6%, and 12.7% of exports in value terms, respectively, jointly representing 45.1% of total flows. Many other countries accounted for the remaining 54.9%.

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

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

Imports metal cutting shears to Italy

Imports in kind, t

After a two-year rise, Italy's imports of metal cutting shears declined. In 2020, import volume stood at 140.7 tonnes, reflecting a 29.1% drop from the previous year. The maximum value was recorded in 2019 at 198.4 tonnes, with the largest increase of 25.0% also occurring that year.

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

From 2017 to 2020, China, Asia not elsewhere specified, and Germany were the main sources of metal cutting shears imports to Italy, accounting for 28.2%, 25.6%, and 14.9% of imports in kind, respectively. Together, they absorbed 68.7% of total imports in kind.

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, K $ US

In 2020, Italy's imports of metal cutting shears in value terms totalled 2 669 thousand US dollars, representing a 25.6% decline from 2019. The maximum value was recorded in 2019 at 3 586 thousand US dollars, with the largest increase of 15.7% also occurring that year. From 2017 to 2020, imports decreased by 15.3%, equating to an annualized decline rate of 5.4%.

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

From 2017 to 2020, Germany, Asia not elsewhere specified, and China were the primary sources of metal cutting shears imports to Italy in value terms, accounting for 32.9%, 23.4%, and 10.3% of imports, respectively. Together, they absorbed 66.6% of total imports in value terms.

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

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