Italy: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Italy

In 2022, the Italian concrete-mixer lorry market increased by 3,794% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concrete-Mixer Lorry Production in Italy

In value terms, concrete-mixer lorry production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 76%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports from Italy

In 2022, approx. X units of concrete-mixer lorries were exported from Italy; which is down by -14.4% on 2021 figures. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 21%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, concrete-mixer lorry exports contracted rapidly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 when exports increased by 31% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Albania (X units) was the main destination for concrete-mixer lorry exports from Italy, accounting for a 41% share of total exports. Moreover, concrete-mixer lorry exports to Albania exceeded the volume sent to the second major destination, Saudi Arabia (X units), eightfold. The third position in this ranking was held by Morocco (X units), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-17.3% per year) and Morocco (-7.4% per year).

In value terms, Saudi Arabia ($X), Switzerland ($X) and Albania ($X) constituted the largest markets for concrete-mixer lorry exported from Italy worldwide, together comprising 28% of total exports. Egypt, Romania, Iraq, Australia, Tunisia, the United Arab Emirates, Poland, Morocco, Bulgaria and Algeria lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Egypt, with a CAGR of +42.7%, recorded the highest growth rate of 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 concrete-mixer lorry export price stood at $X per unit in 2022, with a decrease of -8.2% against the previous year. Overall, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Algeria ($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 Egypt (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Italy

After two years of growth, supplies from abroad of concrete-mixer lorries decreased by -25.4% to X units in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 402%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, concrete-mixer lorry imports reduced sharply to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 99.9% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest concrete-mixer lorry supplier to Italy, accounting for a 57% share of total imports. Moreover, concrete-mixer lorry imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +58.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+32.9% per year) and Germany (+12.8% per year).

In value terms, the largest concrete-mixer lorry suppliers to Italy were France ($X), Poland ($X) and Spain ($X), with a combined 87% share of total imports.

Poland, with a CAGR of +49.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average concrete-mixer lorry import price amounted to $X per unit, picking up by 7.7% against the previous year. In general, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of 56%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Spain ($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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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