Italy: Threshing Machinery Market 2024

Threshing Machinery Market Size in Italy

The Italian threshing machinery market dropped sharply to $X in 2022, falling by -47.6% against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threshing Machinery Production in Italy

In value terms, threshing machinery production declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58% against the previous year. Threshing machinery production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Threshing Machinery Exports

Exports from Italy

For the fourth consecutive year, Italy recorded growth in overseas shipments of threshing machinery except combine harvester-threshers, which increased by 8.7% to X units in 2022. Overall, exports, however, continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.5% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for threshing machinery exports from Italy, with a 31% share of total exports. Moreover, threshing machinery exports to Germany exceeded the volume sent to the second major destination, the United States (X units), twofold. France (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.6% per year) and France (-11.0% per year).

In value terms, the largest markets for threshing machinery exported from Italy were Germany ($X), the United States ($X) and France ($X), together accounting for 61% of total exports. These countries were followed by Russia, Bulgaria, Ukraine, Poland, Romania, Kazakhstan, Moldova and South Africa, which together accounted for a further 25%.

Russia, with a CAGR of +26.9%, 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

The average threshing machinery export price stood at $X per unit in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +5.5%. The growth pace was the most rapid in 2013 when the average export price increased by 69% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Russia ($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 France (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Italy

Threshing machinery imports into Italy dropped notably to X units in 2022, which is down by -58.5% against 2021 figures. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 156%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, threshing machinery imports declined rapidly to $X in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 129% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), Turkey (X units) and France (X units) were the main suppliers of threshing machinery imports to Italy, together accounting for 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +39.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Italy, comprising 44% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports. It was followed by Turkey, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-13.4% per year) and Turkey (+40.0% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, which is down by -16.9% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threshing machinery import price increased by +33.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 61%. As a result, import price attained the peak level of $X per unit, and then reduced rapidly 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 Canada ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :