Italy: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Italy

After nine years of growth, the Italian harvesting machinery market decreased by -16.5% to $X in 2021. In general, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Harvesting Machinery Production in Italy

In value terms, harvesting machinery production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, production attained the peak level of $X, and then shrank in the following year.

Harvesting Machinery Exports

Exports from Italy

In 2021, the amount of root or tuber harvesting machines exported from Italy dropped notably to X units, which is down by -35.9% against the previous year. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, harvesting machinery exports reduced to $X in 2021. In general, exports showed a mild contraction. The growth pace was the most rapid in 2020 with an increase of 76%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Argentina (X units) and China (X units) were the main destinations of harvesting machinery exports from Italy, with a combined 37% share of total exports. Serbia, the United States, Germany, Egypt, Turkey, Australia, Canada, Portugal, Morocco and Romania lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), China ($X) and France ($X) were the largest markets for harvesting machinery exported from Italy worldwide, with a combined 42% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +64.9%, recorded 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 harvesting machinery export price stood at $X per unit in 2021, surging by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Morocco ($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 Germany (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Italy

In 2021, supplies from abroad of root or tuber harvesting machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a strong expansion. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, harvesting machinery imports skyrocketed to $X in 2021. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 281% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest harvesting machinery supplier to Italy, accounting for a 61% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.0% per year) and the Netherlands (+25.8% per year).

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Italy, comprising 80% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.3% share of total imports. It was followed by China, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.4% per year) and China (+74.0% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, rising by 22% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 50% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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