Italy: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Italy

In 2021, after four years of growth, there was significant decline in the Italian agricultural product dryer market, when its value decreased by -34.4% to $X. In general, consumption recorded a noticeable downturn. Agricultural product dryer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Agricultural Product Dryer Production in Italy

In value terms, agricultural product dryer production soared to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Agricultural product dryer production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Italy

In 2021, overseas shipments of dryers for the treatment of agricultural products increased by 35% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 78% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, agricultural product dryer exports surged to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units), Poland (X units) and the UK (X units) were the main destinations of agricultural product dryer exports from Italy, with a combined 38% share of total exports. France, Russia, Austria, Croatia, Hungary, Moldova, Argentina, Romania, India and Mexico lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural product dryer exported from Italy were Ukraine ($X), Poland ($X) and the UK ($X), together accounting for 38% of total exports. France, Russia, Austria, Croatia, Hungary, Moldova, Argentina, Romania, India and Mexico lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Austria, with a CAGR of +45.3%, saw 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

In 2021, the average agricultural product dryer export price amounted to $X per unit, increasing by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and Argentina ($X per unit), while the average price for exports to India ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.3%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Italy

In 2021, after two years of decline, there was significant growth in supplies from abroad of dryers for the treatment of agricultural products, when their volume increased by 209% to X units. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2013 when imports increased by 829% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, agricultural product dryer imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,150%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Ireland (X units), Sweden (X units) and Denmark (X units) were the main suppliers of agricultural product dryer imports to Italy, together accounting for 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +47.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Sweden ($X) and Denmark ($X) were the largest agricultural product dryer suppliers to Italy, together comprising 69% of total imports. These countries were followed by Germany, France, Belgium, China and the Netherlands, which together accounted for a further 25%.

Belgium, with a CAGR of +92.2%, 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 2021, the average agricultural product dryer import price amounted to $X per unit, falling by -30.9% against the previous year. In general, the import price saw a deep downturn. The growth pace was the most rapid in 2013 an increase of 40% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Sweden ($X per unit), while the price for Ireland ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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