Italy: Dairy Machinery Market 2024

Dairy Machinery Market Size in Italy

The Italian dairy machinery market declined rapidly to $X in 2022, falling by -16.1% against the previous year. In general, consumption saw a perceptible decrease. Dairy machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dairy Machinery Production in Italy

In value terms, dairy machinery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 99% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Dairy Machinery Exports

Exports from Italy

Dairy machinery exports from Italy declined to X units in 2022, which is down by -5.3% on 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 23%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dairy machinery exports dropped dramatically to $X in 2022. Overall, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Egypt (X units) and Saudi Arabia (X units) were the main destinations of dairy machinery exports from Italy, together accounting for 28% of total exports. The United States, Australia, Spain, the UK, Algeria, the Netherlands, France, Chile, Tunisia and Morocco lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +27.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and Saudi Arabia ($X) were the largest markets for dairy machinery exported from Italy worldwide, together accounting for 28% of total exports. Chile, Egypt, Australia, France, Spain, Algeria, Morocco, the UK, Tunisia and the Netherlands lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Chile, with a CAGR of +44.3%, recorded 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 dairy machinery export price stood at $X per unit in 2022, declining by -21.5% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. The export price peaked at $X per unit in 2021, and then declined markedly 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 Chile ($X per unit), while the average price for exports to the Netherlands ($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 Morocco (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Italy

In 2022, approx. X units of dairy machinery were imported into Italy; increasing by 14% against 2021. Overall, imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 136%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy machinery imports rose markedly to $X in 2022. Over the period under review, imports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 199%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest dairy machinery supplier to Italy, accounting for a 36% share of total imports. Moreover, dairy machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Slovakia (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +83.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.2% per year) and Slovakia (+311.0% per year).

In value terms, the Netherlands ($X), France ($X) and Spain ($X) appeared to be the largest dairy machinery suppliers to Italy, with a combined 67% share of total imports. Germany, Slovakia, Denmark, Sweden and the UK lagged somewhat behind, together comprising a further 28%.

Slovakia, with a CAGR of +234.9%, recorded the highest growth rate of the value of imports, in terms of 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 dairy machinery import price amounted to $X per unit, shrinking by -4.9% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 76%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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