Gardening: market also declining in Q1 2023

The Vice President of Confindustria, Maurizio Marchesini, the Deputy Secretary-General of FAO, Maurizio Martina, the President of ICE, Matteo Zoppas, and the economic analyst, Gabriele Pinosa, discuss strategies to address the new geography of agricultural production and agri-mechanical commerce. The assembly concludes with a message from the Minister of Agriculture, Francesco Lollobrigida, highlighting the incentive system and announcing the G7 Meeting of Agriculture as an opportunity to promote Italian agricultural and agri-mechanical products.

The year 2023 ends with a decline in tractor sales, but with an increase in revenue due to higher manufacturing costs. India remains the leader in terms of the number of units, while the United States and Europe record declines in sales, with a more substantial decrease observed in China. Climatic variables, as well as geopolitical factors, are increasingly crucial in different regions of the world.

The domestic market for agricultural machinery continues to decline. From tractors (-19.2%) to combine harvesters (-40%) and telescopic handlers (-28.3%), all types of agricultural machinery have seen a significant decline in sales compared to the same period in 2023. The decline is attributed to the reduction of 4.0 incentives, delays in the National Recovery and Resilience Plan (PNRR), and the stagnation of agricultural incomes.

Exports drive the national industry to its highest value ever. The quantities produced remain slightly below the average of recent years, but the increase in list prices boosts revenue. Europe consolidates itself as the main market for made-in-Italy technologies, followed by the United States.