Agricultural machinery: Italian production exceeds 16 billion
Exports drive the national industry to its highest value ever. The quantities produced remain below the average of recent years, but the increase in list prices increases turnover
In 2023, the Italian production of machinery and components for agriculture and landscaping reached its highest value ever. Revenue rises to €16.4 billion, as the sum of the individual product sectors. The value of tractors stands at €2.7 billion, with a 13% increase compared to the previous year, amounting to 51,000 units produced (-6.6%). Equipment and operating machinery reach €7.4 billion, with a 5.4% increase, and the production of incomplete tractors and tractor parts generates a value of €1.4 billion (+7.7%).
In addition to these product sectors, components for agricultural machinery contribute €4 billion in revenue (+5.2%). Meanwhile, machinery and equipment for gardening and landscaping, the only segment not showing revenue increases, total €900 million (-5.3%). The revenue growth, as explained by FederUnacoma President Mariateresa Maschio during the annual assembly held last 25 June at Palazzo Albergati in Zola Predosa (Bologna), is due to an increase in list prices caused by inflation and rising raw material costs. It does not correspond to an increase in quantities produced, which remain high nonetheless, confirming Italian agricultural machinery as one of the most significant entities on the international stage. Exports have played a crucial role in the sector's performance, accounting for approximately 70% of the value of Italian production. The categories of tractors, agricultural machinery, and incomplete tractors alone - recorded by ISTAT - indicate an export value of €8 billion (+9.8%), with a trade surplus of €5.8 billion. This surplus is further bolstered by the significant share of exports in components and machinery for gardening and landscaping.
“The geography of our exports," explained Mariateresa Maschio, "still shows a clear predominance of Europe. The EU 27 absorbs 63% of Italian-made tractors, with a further 16% absorbed by non-EU European countries. As for other types of machinery, the EU 27 absorbs 51% of our production, while other European countries account for an additional 14%." Looking at individual countries, Italy's top commercial partner for tractors is France (€344 million in value), followed by Germany, Turkey, and the United States. For other types of machinery, the United States is the primary market, followed by France, Germany, and the United Kingdom.
