Sector

Italy among the leaders in 2023

Video Made by Italians 2023

Relying on a long-standing tradition, the Italian machine tool manufacturing industry plays a leading role in the international panorama.

With reference to the world’s machine tool industry, Italy came in fifth place in the ranking of production and in fourth in that of exports and consumption.

In 2023, the Italian production of machine tools, robots and automation systems stood at 7,615 million euro, highlighting a 4.6% increase versus 2022.

Consumption fell by 7.8% to 5,816 million euro, due to a contraction, both in the deliveries to the domestic market (-11%, 3,392 million euro) and in imports (-3%, 2,425 million euro).

The market share covered by foreign machinery accounted for 41.7%. Exports were on the rise, amounting to 4,223 million euro in 2023, i.e. 21.8% more than in the previous year. The export/production ratio went up from 47.6% in 2022 to 55.5% in 2023.

The balance of trade increased by 85.6%, attaining 1,799 million euro. The utilisation rate of production capacity was still high: its annual average dropped slightly from 86.6% in 2022 to 86.2% in 2023. The order portfolio also showed a moderate decrease, standing at 7.3 months of guaranteed production versus 8 months in the previous year. Machine selling prices rose by 4.4 % compared with the previous year.