Data from the GIMAV Studies Center shows it’s eight-year-trend of excellent export performance.
The latest Italian glass machinery industry report was released by the GIMAV Studies Center on the association’s annual member’s meeting.
Laura Biason, Director of GIMAV, said: “This marks the eighth consecutive year of growth.
“The upswing in exports continues, and domestic market indicators are starting to improve as a result of the Industry 4.0 Plan incentives.
“Our sector is growing, and it’s very gratifying to be able to say that the effects of the downward trend that marked the national and international economy in 2009 are definitively behind us now.”
The exports overall sales ratio averaged at 78.66% in 2017, which solidifies the Italian manufacturer’s position among global market leaders. Exports for hollow glass were 84% of overall sales, which was slightly less than €379 million, while flat glass increased from 75.3% in 2016 to 75.74%, which exceeded €692 million. Flat glass exports increased by 5.48% from the year before.
Ms Biason continued: “The data is definitively positive and the results – confirmed by the increase in domestic orders – are tangible even with regard to the opportunities offered by the Industry 4.0 Plan (Nuova Sabatini, Iper and SuperAmmortamento).
“We feel that the delayed applicability of incentives (after the publication of the Ministry of Economic Development Notice on 30 April 2017), negatively impacted their effect on the Italian market.”
As usual, Europe secured first place with 40% of overall export sales, while the United States was the top destination country, followed by France, India, Mexico and China. Although exports to North America have decreased and now account for 19.41% of overall global sales, exports to Oceania have continued to rise.
The ranking for hollow glass exports, which grew by 1.2% since last year, shows that France is the top destination country once again, while Mexico dropped into second place. Poland, India, Thailand and Argentina also moved up the ranks. Japan, after climbing from 29th to 11th place among the largest importers of Italian hollow glass since 2016, now account for 3.41% of global exports. Iran and Spain also appear in the top 15 this year.
Ms. Biason concluded: “The outlook is positive if we are to judge by the companies’ survey on the general market situation: 93.55% of them in fact predict further growth in 2018, with a more marked improvement in foreign markets, while 78% of companies surveyed also expect an increase in domestic sales.”
Pictured: Laura Biason, Director of GIMAV