Non-electric base metal bells, gongs and similar articles market in Italy

Earlier Report Observations

The Italian market for non-electric base metal bells and gongs underwent a severe contraction from 2018 to 2020. Market volume in physical terms collapsed from 13,056 tons to 2,360 tons, while its value fell from $166.5 million to $44.0 million.

This steep decline coincided with a parallel drop in domestic production, which decreased from 12,957 tons to 2,255 tons over the same period, indicating a major reduction in local manufacturing output.

Production non-electric base metal bells and gongs in Italy

In value, 2017-2020, M $ US

The market exhibited significant volatility during this period. Production reached its peak in 2018 at 166.6 million US dollars, then declined sharply to 43.6 million US dollars in 2020, representing a 3.8-fold decrease from the peak. The 2020 output of non-electric base metal bells, gongs and similar articles in Italy marked a substantial year-over-year decline of 70.4%. The most significant increase occurred in 2018, with production surging by 242.8%.

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

In kind, 2017-2020, t

Market behavior showed considerable volatility throughout these years. Production volume peaked in 2018 at 12,957 tons, then dropped to its lowest point in 2020 at 2,255 tons, creating a peak-to-trough ratio of 5.7 times. The 2020 production of non-electric base metal bells, gongs and similar articles in Italy represented an 80.5% year-over-year decrease. The most substantial increase was recorded in 2018, with production growing by 389.3%.

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

Exports non-electric base metal bells and gongs from Italy

Exports in kind, t

Following two consecutive years of growth, Italy's exports of non-electric base metal bells, gongs and similar articles declined in 2020. Exports totaled 64.7 tons that year, representing a 30.0% decrease compared to 2019. Over the 2017-2020 period, exports increased by 5.8%, equivalent to an annualized growth rate of 1.9%. The highest export volume was recorded in 2019 at 92.4 tons, while the largest annual increase occurred that same year at 24.3%.

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

Between 2017 and 2020, Italy exported non-electric base metal bells, gongs and similar articles to numerous countries worldwide. Even the three largest destinations - France, Spain, and Switzerland - collectively accounted for just 45.3% of total export volume during this period.

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

After experiencing growth for two consecutive years, the value of Italy's exports of non-electric base metal bells, gongs and similar articles declined in 2020. Exports amounted to 1,725 thousand US dollars that year, marking a 30.6% decrease compared to the previous year. Over the 2017-2020 period, export value increased by 7.4%, with a compound annual growth rate of 2.4%. The highest export value was recorded in 2019 at 2,487 thousand US dollars, while the largest annual increase occurred in 2018 at 28.0%.

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

During the 2017-2020 period, Italy supplied non-electric base metal bells, gongs and similar articles to diverse international markets. The three largest destinations - France, Switzerland, and Spain - together represented only 44.0% of total export value, indicating a relatively dispersed market structure.

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

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

Imports non-electric base metal bells and gongs to Italy

Imports in kind, t

In 2020, Italy imported 169.9 tons of non-electric base metal bells, gongs and similar articles, representing a 4.6% year-over-year decrease. Over the 2017-2020 period, import volume declined by 15.8%, equivalent to an annualized decrease of 5.6%. The most significant annual decline occurred in 2018 at 14.1%, while the largest increase was recorded in 2019 at 2.7%.

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

Throughout the 2017-2020 period, China, India, and Turkey consistently dominated Italy's import structure for non-electric base metal bells, gongs and similar articles. China accounted for 60.9% of import volume, India for 14.6%, and Turkey for 4.4%, with these three countries collectively representing 80.0% of total import flows.

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

Italy imported non-electric base metal bells, gongs and similar articles valued at 1,926 thousand US dollars in 2020, representing a 3.0% decrease compared to 2019. Over the 2017-2020 period, import value declined by 14%, equivalent to an annualized decrease of 4.9%. The lowest import value was recorded in 2018 at 1,926 thousand US dollars, which also saw the largest annual decline at 20.5%. The most significant increase occurred in 2019, with import value growing by 11.6%.

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

Between 2017 and 2020, China, India, and France were the primary sources of Italy's imports of non-electric base metal bells, gongs and similar articles in value terms. China accounted for 46.4% of import value, India for 11.4%, and France for 7.8%, with these three countries together representing 65.6% 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