Acimall figures show upward trend20 February 2018
Preliminary figures published by Acimall indicate and encouraging market for woodworking and furniture industry equipment.
According to the Italian woodworking machinery and tools manufacturers association, the industry achieved a production value of €2.29bn in 2017, up by 11.6% on the previous year.
Exports amounted to €1.6bn, 7.1% more than in 2016.
The top 10 export destinations included the US, which purchased Italian woodworking technology totaling €165.5m; Germany (€105.8m); Poland (€102.4m); and France (€92.5m).
The value of imports also increased to €199m up 10% on 2016.
Italy’s domestic market is also continuing to grow, driven by investment supporting measures introduced by the Italian government in recent years.
Italian wood machinery users invested €894m in 2017, up from €743m euro in 2016 and Acimall says that “everything suggests that in 2018 we could see the domestic market approach the €1bn threshold”.
Looking to the future, 72% of respondents to Acimall’s survey thought that orders from abroad would increase further.