Record Growth for Agricultural Machinery Ensures Powerful Domestic and Exports Market for Italy

Italian-Tractor-Figures-Show-Clear-Increase

In time for EIMA (International Agricultural and Gardening Machinery Exhibition) taking place in Bologna, the Federazione Nazionale Costruttori Macchine per l'Agricoltura (FederUnacoma) has released the latest agricultural figures provided by the Ministry of Transport for Italy. With a resounding 43.8% increase in agricultural machinery over the first nine months of the year, the Italian agricultural industry has reason to celebrate, with it leading to a turnover of no less than EUR 14 billion by the end of the year in the Italian Industry.

Record Pace of Industry Mirrors High Harvest for Italy

With 18,500 tractors registered this year so far, 2021 is shaping up to be a bumper year for new registrations. Additional data shows that combine harvesters grew to double 2020 levels, with 358, transporters increased by almost a fifth, with increased sales of 18.9% increased sales and 497 units sold. Trailers shaped up to be a big reason for the increased figures with year-to-date figures showing a 27.3% increase, with 7,459 units sold so far. Finally, telehandlers showed the biggest increase with a phenomenal 78.4% rise, amounting to 1,156, with 15 of the 20 regions recording increases ranging from 36.4% through to 450%.

FederUnacoma President Alessandro Malavolti said of the illuminating figures that Italian companies are seeing healthy increases in turnover, with 83% seeing gains of 20% in sales for this year. Additionally, 94% of companies surveyed for FederUnacoma's Comacomp survey said they saw increases within the first six months, with two-thirds seeing 20% increases in turnover. He said of the results: "The good performance of the domestic market is combined with the growth that the sector is recording at a global level. This is driving the production of Italian industries that are particularly competitive on foreign markets. The value of exports of tractors in the first six months of the year rose to EUR 846 million with a trade balance of EUR 494 million, or an increase of sixty-five per cent, with agricultural machinery reaching an export value of over EUR 2 billion."

Concluding the figures, Malavolti combined a growth prediction of 22.4% on 2020 by the end of the year. He explained this was in part the recovery being fully realised after Covid-19 but added: "The recovery depends above all on the success of the tax incentives for agricultural machinery 4.0, and the need for farms to upgrade their technological equipment to meet the new market challenges."

The regions that have performed the best in terms of year-to-date tractor sales are: Piemonte (2,269), Lombardia (2,150), Veneto (1,993) and Emilia Romana (1,822). For all regions, telehandlers provided major growth. With last year's year-to-date figure at 12,871, there was growth in every category of agricultural machinery, with only two of the twenty regions - Liguria (-20.2%) and Friuli (-6.9%) - recording falls on the year before. 

About the author

Adrian, located in Madrid, is joining the editorial team as a correspondent for the Valebridge Publications Ltd Group. Before starting in 2020 for Commercial Tyre Business, Adrian graduated with an English degree before working within marketing and recruitment in the non-profit sector. Recently he changed direction, undertaking a course in Marketing and International Business as a means towards moving into the journalism field, which he counts as his lifelong ambition.

Email: adrian.stuart@retreadingbusiness.com

Phone: (44) 1270 668 718

 

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