Italy: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Italy

The Italian full-rotation excavator market soared to $X in 2021, picking up by 20% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. Full-rotation excavator consumption peaked in 2021 and is expected to retain growth in years to come.

Full-Rotation Excavator Production in Italy

In value terms, full-rotation excavator production dropped to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Full-Rotation Excavator Exports

Exports from Italy

In 2021, the amount of self-propelled full-rotation excavators and bulldozers exported from Italy soared to X units, with an increase of 25% compared with the previous year's figure. Overall, exports, however, saw a noticeable slump. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, full-rotation excavator exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 23%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Germany (X units) and Austria (X units) were the main destinations of full-rotation excavator exports from Italy, together comprising 44% of total exports. These countries were followed by the UK, Denmark, Spain, Switzerland, Australia, Belgium, Poland, Morocco, Egypt and Albania, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for full-rotation excavator exported from Italy were France ($X), Germany ($X) and the UK ($X), together comprising 49% of total exports. These countries were followed by Austria, Switzerland, Denmark, Spain, Belgium, Poland, Albania, Morocco, Egypt and Australia, which together accounted for a further 25%.

Spain, with a CAGR of +18.5%, 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 2021, the average full-rotation excavator export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, full-rotation excavator export price increased by +24.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 30%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

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 ($X per unit), while the average price for exports to Australia ($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 Austria (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Italy

For the third year in a row, Italy recorded growth in supplies from abroad of self-propelled full-rotation excavators and bulldozers, which increased by 46% to X units in 2021. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 157% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, full-rotation excavator imports skyrocketed to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 50% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Belgium (X units), France (X units) and the Netherlands (X units) were the main suppliers of full-rotation excavator imports to Italy, together comprising 52% of total imports. These countries were followed by China, Japan, Sweden, the UK, Austria and Germany, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +108.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to Italy were the Netherlands ($X), Belgium ($X) and France ($X), together comprising 53% of total imports. These countries were followed by Japan, China, Sweden, the UK, Austria and Germany, which together accounted for a further 40%.

Sweden, with a CAGR of +140.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, flattening at the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, full-rotation excavator import price increased by +142.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 89%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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