Italy: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Italy

The Italian ride-on compaction equipment market totaled $X in 2022, growing by 8.1% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Ride-On Compaction Equipment Production in Italy

In value terms, ride-on compaction equipment production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Italy

In 2022, overseas shipments of ride-on compaction equipment increased by 26% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports showed a temperate expansion. The growth pace was the most rapid in 2015 with an increase of 73%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for ride-on compaction equipment exports from Italy, accounting for a 45% share of total exports. Moreover, ride-on compaction equipment exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.8% per year) and Germany (+7.8% per year).

In value terms, the United States ($X) remains the key foreign market for ride-on compaction equipment exports from Italy, comprising 57% of total exports. The second position in the ranking was taken by Australia ($X), with a 6.7% share of total exports. It was followed by Canada, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+29.1% per year) and Canada (+68.9% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, rising by 7.8% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 74%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the Netherlands ($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 Malawi (+296.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Italy

In 2022, supplies from abroad of ride-on compaction equipment decreased by -22.5% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, ride-on compaction equipment imports declined rapidly to $X in 2022. In general, imports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 59%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of ride-on compaction equipment imports to Italy, with a combined 88% share of total imports. The Czech Republic, India and France lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +99.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Italy, comprising 47% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+5.0% per year) and the Czech Republic (+11.4% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, with an increase of 2.6% against the previous year. Overall, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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