Italy: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Italy

After two years of decline, the Italian milling industry machinery market increased by X% to $X in 2022. In general, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Milling Industry Machinery Production in Italy

In value terms, milling industry machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports from Italy

In 2022, shipments abroad of milling industry machinery decreased by X% to X units, falling for the sixth year in a row after two years of growth. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X units), Angola (X units) and Cameroon (X units) were the main destinations of milling industry machinery exports from Italy, together comprising X% of total exports. Sudan, Germany, Pakistan, Iran, Slovenia, Egypt, the Philippines, Belgium, Venezuela and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for milling industry machinery exported from Italy were Bangladesh ($X), Angola ($X) and Cameroon ($X), together comprising X% of total exports. Sudan, Iran, Slovenia, Germany, Egypt, Belgium, the United States, Pakistan, the Philippines and Venezuela lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, recorded 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 2022, the average milling industry machinery export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Pakistan ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Italy

In 2022, after three years of decline, there was significant growth in supplies from abroad of milling industry machinery, when their volume increased by X% to X units. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, milling industry machinery imports contracted slightly to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of milling industry machinery to Italy, accounting for a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, China ($X), Germany ($X) and Switzerland ($X) constituted the largest milling industry machinery suppliers to Italy, together accounting for X% of total imports. Turkey, Spain, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then contracted markedly in the following year.

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 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 Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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