Italian Agricultural Machinery Sales Increase 9.7%

FederUnacoma reports sales of Italian agricultural machinery increased 9.7% during the first 9 months of the year.

FederUnacoma

The Italian agricultural machinery market has confirmed a positive trend in the current year through the end of September with increasing sales of tractors, transporters and trailers. According to Ministry of Transport data elaborated by FederUnacoma, tractor registrations over the first 9 months of the year rose 9.7% to 15,247 units sold compared to 13,902 in the same period in 2016. A breakdown showed smaller gains for transporters, 2% for 611 units, and a plus 1.2% for trailers with 7,452 units sold. These upward trends did not extend to combine harvesters which slipped back by 3.6% with 297 units sold, and for telescopic handlers plunging by 25.3% for 549 units.

These market figures, made public in Bari during an Agrilevante press conference, look encouraging in the wake of a long period of about 10 years of ongoing decline of sales, especially for tractors which fell to an all-time annual low of 18,340 units sold by the close of 2016.

Alessandro Malavolti, the President of the Italian Agricultural Machinery Manufacturers Federation, FederUnacoma in the National Manufacturers Confederation, reported that the recovery can be assigned to a number of factors led by agricultural income which rose by 20% between the end of 2016 and the start of the current year to clear the way to investments in new generation machinery. A second reason has been the opening of European Union Rural Development Plan financing and the start of financing from INAIL, the National Institute for Accidents at Work Insurance, also aimed at new generation machinery. An analysis of access to the RDP funds in the first 6 months of the year disclosed increasing machinery financing allocated under three Measures: M04 on Investment in physical assets which rose from 4.9% in the first half of 2016 to 8.5% in the same period in 2017, M6 on Farm and business development moving from 1.2-4.1% and M8 on Investment in forest area development and improvement of the viability of forests gaining from 5.5-9.7%. Another contribution to market recovery came from INAIL, as cited above, through the allocation of € 45 million with € 5 million set aside for young farmers and the remaining € 40 million for farmers working on primary crop productions. 

 

 

                        

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