Double-digit growth for Italian machinery

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Sales of Italian plastics and rubber processing machinery saw “double digit growth” in 2021.

Amaplast, which represents Italian machinery makers, says that production in 2021 grew by 14%, taking it beyond pre-pandemic levels – to a value of €4.45 billion (US$4.7bn).

The main driver of recovery was the domestic market, which grew by nearly 30% in value, accounting for €2.5 billion (US$2.6bn). Exports rose by more than 9% to nearly €3bn (US$3.2bn), which imports were up more than 36% to exceed €1bn (US$1.1bn).

Most of the top 10 Italian export markets – together accounting for more than 56% of the total – expanded in 2021. The only exceptions were Poland (a drop of nearly 12%) and Spain (a fall of 28%). Overall, exports to these 10 countries grew by nearly 9%. The top performers were the USA and India (both up by around 33%).

However, Amaplast warned that rising production is offset by factors such as a lockdown in China and the Russia-Ukraine war – which has caused a huge rise in energy prices.

www.amaplast.org