Market for Agricultural, Construction and Industrial Machinery Tire in Italy
Market Overview
The Italian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose notably to $ in estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production of growth remained at a lower figure.
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose notably to $
in estimated in export price. In general, production, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of %. As a result, production attained the peak level of $. From 2013 to , production of growth remained at a lower figure.Consumption
Consumption of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Italy fell slightly to units in , remaining constant against the previous year. Over the period under review, consumption showed a slight descent. Over the period under review, consumption of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum volume at units in 2007; however, from 2008 to , consumption remained at a lower figure.
The size of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Italy stood at $ in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $ in 2019; however, from to , consumption remained at a lower figure.
units in , remaining constant against the previous year. Over the period under review, consumption showed a slight descent. Over the period under review, consumption of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum volume at units in 2007; however, from 2008 to , consumption remained at a lower figure.The size of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Italy stood at $
in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $ in 2019; however, from to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for agricultural, construction and industrial machinery tire in Italy, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Agricultural, construction and industrial machinery tire market in Italy consists almost entirely of imported products.
Trade Balance
Italy remains a net importer of agricultural, construction and industrial machinery tire; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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