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    At least 3 kg of food grown in Mozambique’s fields is lost due to inefficient processing, transportation, and storage-World Bank

    A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Natafim SA expands drip-line manufacturing plant

    Natafim SA expands drip-line manufacturing plant

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

  • Africa
    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    2026 declared World Year of Pastoralism

    2026 declared World Year of Pastoralism

  • Company
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    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

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    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

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    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

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    World Bank, UN launch programme to help Mozambique improve forestry management

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    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

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  • International
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    Macfrut 2023,Turkey to participate in International Blueberry Days

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    Agricultural machinery: High demand on the world market

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    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

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  • Markets
    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

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    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

    Maize planter calibration to improve your profitability

    Maize planter calibration to improve your profitability

  • Equipment
    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

    Russian company to make a humanitarian fertilisers shipment to Africa

    Russian company to make a humanitarian fertilisers shipment to Africa

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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    At least 3 kg of food grown in Mozambique’s fields is lost due to inefficient processing, transportation, and storage-World Bank

    A change to hotter conditions is a looming challenge in the agricultural sector in the Southern African region

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Natafim SA expands drip-line manufacturing plant

    Natafim SA expands drip-line manufacturing plant

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Farming in South Africa; Six Things That Need Urgent Attention in 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

  • Africa
    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    2026 declared World Year of Pastoralism

    2026 declared World Year of Pastoralism

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Sporadic rains worry Zambezi farmers

    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    Italian industry Growing Turnover despite the Economic Situation

    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

  • Markets
    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

    Maize planter calibration to improve your profitability

    Maize planter calibration to improve your profitability

  • Equipment
    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

    Russian company to make a humanitarian fertilisers shipment to Africa

    Russian company to make a humanitarian fertilisers shipment to Africa

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Italian industry Growing Turnover despite the Economic Situation

Ian by Ian
November 10, 2022
in Business, Editor picks, International, News, Technology
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FederUnacoma (Italian Manufacturers’ Federation)’s forecasts for the end of the year indicate a drop in the quantity produced (-6%), but an increase in the value of production (14.2 billion euros, amounting to +3.7% over 2021). The resilience of the domestic market and above all the good performance of exports (+10.4% in July) support the sector, which is nevertheless suffering from the crisis in production costs and the lower agricultural incomes. These statistics were revealed during the EIMA International 2022 Press Briefing in Bologna, Italy on 8 November 2022.

According to the FederUnacoma, the resilience of the domestic market and good demand from foreign markets kept the Italian agricultural machinery industry at good production levels, confirming its leading role on the sector’s international landscape. Registrations on the domestic market remained at good levels – lower than in the record year 2021 but higher than the average of previous years – and exports continue to be the strong point of the Italian industry.

ISTAT data on foreign trade in the seven months of January-July show a growth in exports in value for both tractors (+2.13% compared to the same period in 2021, albeit against a drop in the number of units of 20%) and other types of machinery (+13.6% in value and +0.34 in weight). In the first seven months of the year, the Italian agro-mechanical exports achieved total growth, in value, of 10.4%, against a reduction in quantity of just 2.5%. The main outlet markets are confirmed to be the United States, France and Germany, but exports to Poland (+26%), Romania (+37%) and Hungary (+46%) are growing. The increase in turnover, even in the presence of a reduction in exported quantities, can be attributed to the increase in list prices, a discrepancy that should also characterise the year-end final balance of Italian production, which is estimated to fall by 6% in terms of quantity, but rise in terms of turnover, reaching 14.2 billion euros, a better result than that of the record year 2021, which had recorded a production value of 13.7 billion euros, an increase of 3.7% over the previous year.

The expected turnover for the end of 2022 is affected by the good performance of the green maintenance segment, with production levels in line with last year’s at around EUR 1 billion, and especially that of components, which is estimated to reach a turnover of EUR 3.4 billion by the end of the year. “However responsive and effective it may be, the Italian industry is not exempt from the unfavourable economic situation and all those factors that affect companies in this difficult phase. In the spring of this year, the price of energy rose dramatically, marking an increase of 400% compared to spring 2020. The energy supply crisis is particularly heavy in Europe, where as a consequence of the Russian-Ukrainian conflict, a real ‘gas war’ has taken place, pitting Russia against the European Union. The initiatives taken by governments and by the European Union as a whole to diversify supplies and to calm prices are well known,” said Alessandro Malavolti, President of the Italian Manufacturers’ Federation (FederUnacoma).

He further explained that these interventions have begun to produce their effects (a 10% drop in prices since September and the prospect of further decreases in the coming months), but they are not sufficient to bring prices back to the levels of the last twenty years, and with permanent effects on the accounts of manufacturing companies, which contribute to an increase in production costs and thus to an increase in the list prices of mechanical equipment. Unfortunately, this is combined with an increase in production costs also in farms, which suffer from higher energy bills, but also from the increased burden of purchasing fertilisers and chemicals. Fertiliser prices have risen unpredictably since last spring due to the import blockade from Russia, which with 16 million tonnes of fertiliser was by far the largest supplier to the European Union. In June this year, chemicals recorded increases of between 100% and 150% compared to June 2020, the largest since 2000. Even if they fall in these months, the prices of chemicals (which include the whole range of specific agricultural treatment chemicals) are set to remain at significantly higher levels than pre-Covid. “In order to reduce the widening gap between industrial costs and the investment capacity of farms – said President Malavolti – public support, aimed at encouraging purchases, both at the national and European level, with a range of specific tools for agricultural mechanisation, is essential.

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