Italy: Public Works Machinery Market 2024

Public Works Machinery Market Size in Italy

In 2021, after three years of decline, there was significant growth in the Italian public works machinery market, when its value increased by 36% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Public Works Machinery Production in Italy

In value terms, public works machinery production soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Public Works Machinery Exports

Exports from Italy

In 2021, approx. X units of machinery for public works and building were exported from Italy; growing by 3.2% compared with 2020. In general, exports, however, showed a noticeable setback. The growth pace was the most rapid in 2017 with an increase of 10%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, public works machinery exports rose notably to $X in 2021. Overall, exports, however, continue to indicate a noticeable descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Russia (X units) and Germany (X units) were the main destinations of public works machinery exports from Italy, with a combined 27% share of total exports. These countries were followed by the United States, Romania, Belgium, China, Spain, the UK, Switzerland, Ukraine, Australia and Poland, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for public works machinery exported from Italy were France ($X), Russia ($X) and Germany ($X), together accounting for 26% of total exports. The UK, the United States, Spain, Romania, Belgium, Switzerland, Australia, China, Poland and Ukraine lagged somewhat behind, together comprising a further 31%.

Ukraine, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 public works machinery export price amounted to $X per unit, surging by 9.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Italy

In 2021, approx. X units of machinery for public works and building were imported into Italy; with an increase of 37% against 2020. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 49%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, public works machinery imports soared to $X in 2021. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest public works machinery supplier to Italy, with a 77% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.0% per year) and the UK (+19.8% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Italy, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3.8% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.8% per year) and the UK (+13.8% per year).

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, shrinking by -8.1% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2016 when the average import price increased by 11%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per unit) and the Netherlands ($X per unit), while the price for Romania ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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