Italy: Wheeled Loader Market 2024

Wheeled Loader Market Size in Italy

The Italian wheeled loader market dropped to $X in 2021, with a decrease of -5.9% against the previous year. Overall, consumption showed a relatively flat trend pattern. Wheeled loader consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wheeled Loader Production in Italy

In value terms, wheeled loader production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 112%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wheeled Loader Exports

Exports from Italy

After three years of decline, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 14% to X units in 2021. In general, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wheeled loader exports from Italy, with a 18% share of total exports. Moreover, wheeled loader exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. Germany (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.1% per year) and Germany (-8.7% per year).

In value terms, the United States ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Italy, comprising 18% of total exports. The second position in the ranking was held by Germany ($X), with a 6.4% share of total exports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.0% per year) and the UK (+0.4% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, jumping by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Albania ($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 Poland (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Italy

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into Italy expanded sharply to X units, growing by 7.6% on the previous year. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wheeled loader imports rose remarkably to $X in 2021. In general, imports showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Belgium (X units), the Czech Republic (X units) and the United States (X units) were the main suppliers of wheeled loader imports to Italy, with a combined 45% share of total imports. These countries were followed by France, the UK, Sweden, Japan, Germany and China, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +48.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Sweden ($X) and the United States ($X) appeared to be the largest wheeled loader suppliers to Italy, with a combined 49% share of total imports. The UK, the Czech Republic, France, Germany, Japan and China lagged somewhat behind, together comprising a further 37%.

The UK, with a CAGR of +57.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, increasing by 1.9% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheeled loader import price increased by +23.8% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. Over the period under review, average import prices reached the maximum 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 Sweden ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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