In 2020, the turnover of the Italian industry in the sector fell to 39,674 million euros, 17.9% less than in 2019. Both the reduction in exports, down 15.9% to 27,177 million euros, and the drop in deliveries by Italian manufacturers on the domestic market, down 21.8% to 12,497 million euros, weighed on the overall result.

The effect of the pandemic therefore reverberated on all the main indicators and was particularly heavy on the trend in domestic consumption, which fell by 22.6% to 19,826 million euros. The reduction in Italian demand for new machinery had a heavy impact not only on domestic deliveries but also on imports, which fell by 23.9% to 7,329 million euros.

The situation in 2021 will be different. According to the forecasts drawn up by the FEDERMACCHINE Statistics Group, turnover will return to growth this year, though only partially making up lost ground; in fact, with an expected increase of 8.9% compared to the previous year, it will stand at 43,200 million euros.

The partial recovery will be determined both by exports, expected to grow by 8% to 29,349 million euros, and by deliveries by Italian manufacturers which, by virtue of an increase of 10.8%, will reach a value of 13,850 million euros.

Italian consumption of capital goods, also supported by the tax incentives provided by the Transition 4.0 plan, will rise to 22,279 million euros, 12.4% more than in 2020, driving not only manufacturers’ deliveries but also imports, which should mark a recovery of 15%, reaching a value of 8,429 million euros.