Safes and safe deposit lockers market in Italy

Earlier Report Observations

In 2018, the Italian market for safes and safe deposit lockers was valued at 268.9 million $ US, partly supported by national legislation requiring secure firearm storage in certified safes or armored cabinets, which created steady demand in that segment. The presence of historic Italian manufacturers known for high-quality production and technological innovation also contributed to the domestic supply. The market volume then declined to 258.3 million $ US in 2019.

By 2021, the market recovered to 272.4 million $ US, accompanied by a rise in imports to 38.3 million $ US and exports reaching 68.6 million $ US, reflecting active international trade during that period.

Moving towards 2024, market developments are shaped by technological innovations such as biometric locks and Wi-Fi connectivity in domestic safes, alongside growing demand for high-end, certified anti-burglary safes from jewelers and retailers, which stimulates the premium segment.

Production safes and safe deposit lockers in Italy

In value, 2017-2020, M $ US

In 2019, Italy's production of safes and safe deposit lockers was valued at 297.6 million US dollars, marking a slight decrease of 0.9% from the previous year. Looking at the broader period from 2017 to 2019, production grew by 3%, which translates to an annualized rate of 1.0%. The peak value occurred in 2018 at 300.3 million US dollars, with the largest annual increase of 3.9% also recorded that year.

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

Exports safes and safe deposit lockers from Italy

Exports in kind, t

In 2020, Italy's exports of safes and safe deposit lockers in volume terms reached 9,676 tonnes, representing a decline of 7.8% compared to 2019. Over the period from 2017 to 2020, exports increased significantly by 42.9%, with a compound annual growth rate (CAGR) of 12.6%. The lowest volume was recorded in 2018 at 6,651 tonnes, while the peak occurred in 2019 at 10,495 tonnes. The largest annual increase was in 2019, with a jump of 57.8%.

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

From 2017 to 2020, Italy's exports of safes and safe deposit lockers in volume terms were distributed across various countries, with no single partner dominating the market. The top three destinations—France (17.5% of exports), China (7.2%), and Croatia (6.4%)—collectively accounted for just 31.1% of total flows, highlighting the scattered nature of the export structure.

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 two years of growth, Italy's exports of safes and safe deposit lockers in value terms declined in 2020. The export value stood at 63,550 thousand US dollars, reflecting a moderate year-on-year decrease of 4.8%. Over the period from 2017 to 2020, exports increased by 29%, equating to an annualized growth rate of 8.9%. The highest value was recorded in 2019 at 66,735 thousand US dollars, with the largest annual increase of 16.9% also occurring that year.

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

During 2017–2020, Italy's exports of safes and safe deposit lockers in value terms were spread across numerous markets. Even the largest destinations—France, China, and the United Kingdom—together represented only 34.5% of total exports, underscoring the diversified nature of the export 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 safes and safe deposit lockers to Italy

Imports in kind, t

Following two years of growth, Italy's imports of safes and safe deposit lockers in volume terms fell in 2020. The import volume was 6,288 tonnes, indicating a sharp decline of 23.6% from 2019. Over the period from 2017 to 2020, imports decreased by 12.5%, which corresponds to an annualized rate of decline of 4.3%. The peak volume was in 2019 at 8,234 tonnes, while the largest annual increase was in 2018 at 7.9%.

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

From 2017 to 2020, China (39.8% of imports in volume terms), Czechia (20.6%), and Germany (13.1%) consistently served as the main sources for Italy's imports of safes and safe deposit lockers. Together, these three countries accounted for 73.5% of total import flows, indicating a more concentrated structure compared to exports.

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

After two years of growth, Italy's imports of safes and safe deposit lockers in value terms dropped in 2020. The import value totaled 22,169 thousand US dollars, down by 19.4% from the previous year. Over the period from 2017 to 2020, imports decreased by 10.8%, with a compound annual growth rate (CAGR) of -3.8%. The highest value was recorded in 2019 at 27,515 thousand US dollars, and the largest annual increase was also in 2019 at 7.3%.

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

Over 2017–2020, China (36.5% of imports in value terms), Czechia (23.7%), and Germany (11.1%) were the primary contributors to Italy's imports of safes and safe deposit lockers. Collectively, these three markets accounted for 71.3% of total import flows, reflecting a similar concentration pattern as seen in volume terms.

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

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