Markets
Tractors, the resilience of the Italian market
17.11.2022
The difficult economic situation is not holding back the agricultural machinery market in Italy. In the ten months from January to October, registrations recorded declines for all types of vehicles, but sales volumes were still high. The drop compared to the previous year is in part a normal phenomenon - explains the Italian manufacturers' federation FederUnacoma - because 2021 was a record year for sales (+36% for tractors alone), impossible to match this year, which is also suffering from delays in the supply chain that have reduced the production pace of manufacturers. However, it is significant that sales levels remain higher than the average of previous years, indicating that demand for mechanical equipment for the primary sector is still substantial. Tractors recorded a total of 17,256 units sold in the ten months, down 15.3% compared to 2021, but with higher numbers than the approximately 16,000 registered in 2019 before the crisis caused by the Covid pandemic. "To the problems relating to supplies, the cost of raw materials, transport and logistics costs that were already weighing on industrial companies," said the president of FederUnacoma Alessandro Malavolti commenting the data presented at EIMA 2022, "we can add this autumn those relating to energy costs, rising inflation and financial restrictions, and this is not helping the economy of companies and their competitiveness on the market". "However, the sector is holding up in this difficult context - added the president of the manufacturers - thanks also to a system of purchasing aid that has a significant impact, and thanks to an increasing propensity on the part of farms to acquire new-generation technologies”.
