Italy: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Italy

The Italian sugar-manufacturing industrial machinery market soared to $X in 2022, jumping by 16% against the previous year. Overall, consumption recorded a perceptible expansion. Sugar-manufacturing industrial machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Italy

In value terms, sugar-manufacturing industrial machinery production amounted to $X in 2022 estimated in export price. Overall, production saw a slight downturn. The growth pace was the most rapid in 2018 with an increase of 18%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Italy

Sugar-manufacturing industrial machinery exports from Italy declined sharply to X units in 2022, which is down by -21.3% on 2021. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 146% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports dropped sharply to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 142% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Russia (X units) and Egypt (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Italy, with a combined 72% share of total exports. These countries were followed by Iran, Germany, the UK and Oman, which together accounted for a further 28%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +42,600.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar-manufacturing industrial machinery exported from Italy were Russia ($X), Egypt ($X) and Turkey ($X), together comprising 65% of total exports. These countries were followed by the UK, Germany, Oman, Iran and the Netherlands, which together accounted for a further 34%.

In terms of the main countries of destination, the UK, with a CAGR of +646.2%, 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

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, with a decrease of -7% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Iran ($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 (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Italy

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of sugar decreased by -36.4% to X units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 643%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 467%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Colombia (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Italy, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Italy, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 26% share of total imports. It was followed by Turkey, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.9% per year) and Turkey (-9.7% per year).

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, with a decrease of -43% against the previous year. In general, the import price, however, continues to indicate temperate growth. The most prominent rate of growth was recorded in 2014 an increase of 191%. The import price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+153.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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