Markets
Production up, but the 'cost' variable weighs heavily
30.06.2022
Production is up in 2021 for the Italian agricultural machinery industry. Tractors "made in Italy" will close the year with a total of 59 thousand units produced, for a value of 2.1 billion euros and an increase of 18.7% compared to 2020, while equipment and other types of agricultural machinery will see the value of production rise to 6.2 billion euros (+19.9%). The production segment relating to "tractor parts" and "spare parts" also shows substantial growth (+21%) and exceeds 1.1 billion. If we add to these figures those relating to the broad sector components segment, which is estimated to have reached a value of 3.3 billion euros in the year, and those relating to gardening machinery and equipment (970 million), the overall value of production in the Italian agro-mechanical sector in 2021 will reach 13.7 billion euros. In a landscape characterised by a high demand for agricultural machinery, however, variables relating to production costs are weighing heavily, as they become increasingly higher due to soaring energy supplies, ferrous raw materials and plastics.
