Italy, as a traditional power in casting and forging, has gained high reputation in Europe and even the world. Italian forging manufacturers have been dedicated to producing various high-quality, high-precision, and high-performance forgings for the automotive, aviation, oil and gas, mechanical and other industries, including shafts, gears, connecting rods, valves, tools, etc. After years of development, the Italian forging market has established a solid position in the European market and extensively exported to the United States, South America, Asia, especially the oil-rich Middle East region.
From 2015 until now, Italian forging external trade has continued to develop, and its main export destinations include Germany, the United States, France, Switzerland, China, the United Kingdom, Russia, and Mexico. Germany is one of Italy’s major markets for forgings. As the two countries are both members of the European Union, their trade between each other is relatively easy, making Germany one of the most important destinations. Furthermore, the United States is also one of the main export markets for Italian forgings. According to reports, in 2019, Italy’s forgings exported to the US reached a total value of 494 million euros.
Moreover, France and Switzerland are also important trading partners of Italian forging. These two countries not only occupy an important position in Europe but also lead in the global sub-markets. As of the end of 2021, Italy’s exports to France and Switzerland were 138 million and 102 million euros, respectively.
Finally, China, the United Kingdom, Russia, and Mexico are also significant export destinations for Italian forgings. Although China has already possessed considerable strength in forging manufacturing, the high quality and innovation ability of Italian forgings make the Chinese market still a huge potential market for Italian forging manufacturers.
In summary, Italian forging manufacturers have good reputations worldwide for their high quality, high precision, and innovation ability and are leading in the European market. Besides the European region, Italian forgings also exports to a wide range of regions such as the United States, South America, and Asia. Different export destinations have their respective market characteristics and demands, so manufacturers need to consider various factors to make the best decisions.
