Italian Packaging Machinery's Turnover Close to EUR 6.2 Billion
The Research Department of Ucima, the Italian national trade association, has conducted the fourth National Statistical Survey of the Italian packaging machinery manufacturing sector. According to this survey, the Italian packaging machinery industry is made up of 588 companies employing 27,906 people and generating a turnover of EUR 6,197 million, of which 80.7% is earned in international markets (EUR 5,003 million ) and 19.3% (EUR 1,194 million os) in the domestic market.
In 2015, sales in international markets saw a slight fall in volumes (-0.9%), mainly due to the slowdowns in a number of important markets such as Brazil, China and Russia. However, this trend was offset by strong performances in other markets and the final result remained above EUR 5 billion. The top geographical areas of destination for exports were: the European Union, which accounted for 35.6% of total turnover (EUR 1,667.8 million euros), Asia in second place with a value of EUR 1,071.9 million (22.7% of the total), and non-EU Europe in third place with EUR 549.2 million (11.6%). Next come North America, Africa and Oceania, and Central and South America. The United States, France and Germany remain the top three individual countries, followed by China, Turkey, UK, Spain, Switzerland, Saudi Arabia and Brazil.
The leading client sector in absolute terms is Beverages with sales of 1,525 million euros, followed by Food with EUR 1,334 million and Others with EUR 913 million. Next come sales to the pharmaceuticals industry, cosmetics and the chemicals and home care industry.
Domestic Italian sales continue to show a positive trend, amounting to 1,194 million euros in 2015, 1.9% up on 2014. In the domestic market, the highest growth was in sales to the pharmaceutical industry (+23.3%), to the Others sector (+7.6%), and to the food industry, which however grew by a modest 0.4%. In absolute terms, food remained the leading sector with a turnover of EUR 434 million, followed by beverages with EUR 276 million and pharmaceuticals with EUR 196 million. The fourth largest market was Others. At the bottom of the rankings were sales to the cosmetics industry and to the Chemicals & Home Care industries.
The analysis of the sector by turnover size class reveals a clear preponderance of small companies. Companies with turnovers below EUR 5 million accounted for 66% of the total, but generated just 9.9% to the sector’s total turnover. Companies with turnovers above EUR 25 million made up just 7.8% of the total but generated the largest share (65.7%) of total turnover.
Most companies are located in the Emilia Romagna region (36.2%), accounting for 62.8% of total turnover. Next come Lombardy (28.1% of companies and 16.8% of turnover), Veneto (12.6% of companies and 9.7% of turnover) and Piedmont (10.5% of companies and 5.6% of turnover). Company size appears to have a major impact on export propensity, with the smallest companies (up to EUR 2.5 million ) generating more than half of their turnover (55.6%) in the domestic Italian market. The percentage of domestic sales decreases steadily with company size, reaching just 9.8% of turnover for the largest companies (more than EUR 50 million euros).
“The slowdown in a number of key markets for our technologies continued in the first three months of 2016,” said Ucima Chairman Enrico Aureli. “These widespread downturns, only partly offset by strong performances in other countries, resulted in a 10% fall in our exports. However, orders rose during the first four months of the year. We are therefore confident that we will succeed in improving on the results achieved at the end of 2015.”
According to the Ucima Research Department’s forecast of world demand for packaging machinery (Cube), the world market will grow at an estimated 5.4% annually over the next three years to a total value of EUR 42.7 billion.
UCIMA Italian Packaging Machinery Manufacturers Association
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