Threshing Machinery Market Overview in Italy
Market Overview
In 2019, the Italian threshing machinery market decreased by -
% to $, falling for the fourth year in a row after five years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2016 to 2019, the growth of the market failed to regain the momentum.
In value terms, threshing machinery production dropped to $ in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
% to $, falling for the fourth year in a row after five years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2016 to 2019, the growth of the market failed to regain the momentum.In value terms, threshing machinery production dropped to $
in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.Consumption
In 2019, the amount of threshing machinery except combine harvester-threshers consumed in Italy shrank slightly to tonnes, approximately reflecting the year before. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % y-o-y. Threshing machinery consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
The revenue of the threshing machinery market in Italy reduced modestly to $ in 2019, waning 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 continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2016 to 2019, the growth of the market remained at a lower figure.
tonnes, approximately reflecting the year before. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % y-o-y. Threshing machinery consumption peaked at tonnes in 2013; however, from 2014 to 2019, consumption remained at a lower figure.The revenue of the threshing machinery market in Italy reduced modestly to $
in 2019, waning 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 continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2016 to 2019, the growth of the market remained at a lower figure.Market Forecast
Driven by rising demand for threshing machinery in Italy, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of threshing machinery in Italy were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for threshing machinery.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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