Italy: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Italy

In 2022, the Italian trailer and semi-trailer market decreased by -65% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Italy

In value terms, trailer and semi-trailer production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 84%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Trailer And Semi-Trailer Exports

Exports from Italy

In 2022, overseas shipments of cargo trailers and semi-trailers increased by 24% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports rose slightly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main destinations of trailer and semi-trailer exports from Italy, with a combined 40% share of total exports. Poland, Saudi Arabia, Switzerland, Austria, Croatia, Romania, Spain, Slovenia, Senegal and Belgium lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the largest markets for trailer and semi-trailer exported from Italy worldwide, together comprising 37% of total exports. Poland, Austria, Spain, Romania, Switzerland, Saudi Arabia, Belgium, Croatia, Slovenia and Senegal lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Senegal, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, falling by -15.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 32%. The export price peaked at $X per unit in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Italy

In 2022, trailer and semi-trailer imports into Italy fell rapidly to X units, reducing by -23.2% against the previous year's figure. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 135%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, trailer and semi-trailer imports declined to $X in 2022. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest trailer and semi-trailer supplier to Italy, with a 36% share of total imports. Moreover, trailer and semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was held by Poland (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.1% per year) and Poland (+8.1% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Italy, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.3% per year) and France (+12.7% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, surging by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform