Italian woodworking and furniture industry technology in the 4Q 2021 recorded 41% growth in orders compared to the same period of 2020, resulting from a massive 60% growth on the domestic market and 38.6% increase on the international scenario.

Machinery

Italian woodworking machinery and tools industry records 41% orders increase in 4Q 2021

Italian woodworking machinery and tools industry records 41% orders increase in 4Q 2021

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The year 2021 showed that the pandemic emergency has also acted as a powerful driver for production in many industries in Italy. One of these is certainly the sector of machinery, plants, equipment and tools for wood and wood-based materials, which experienced a "stimulating" 2021 with a growth of orders that could hardly be imagined, according to Acimall, the association of Italian woodworking technology manufacturers.

The October-December 2021 period was much "quieter" than the previous quarters, but still excellent: orders increased by 41% over the same period of 2020, resulting from a massive 60% growth on the domestic market and 38.6% increase on the international scenario. The other face of the coin is production, impacted by provisioning problems, price increases and delays in the supplies of raw materials and components, which might extend their effect well into the first part of the new year.

The quarterly survey by the Studies Office of Acimall on a statistic sample of companies indicates that the orders book is equal to 6.1 months, a trend that had not been recorded for a long time. Price variation in 2021 amounted to 5.2%.

The order intake in the 12-month period increased by 72% compared to 2020, when the impact of the pandemic was more devastating. This growth rate is nevertheless “significant”, also if compared with the orders collected in 2019 (plus 44.1%).

More than positive results also for the quality survey, based on the answers of the interviewees, who indicated a positive trend (57% of the sample) or stationary (43%) trend of production. Same trend for employment, which is expanding according to 57% of the sample and stable for 43%. Available stocks are stable according to 48 percent of the interviewees, increasing for 24% and decreasing for 28%.

Looking at the future, the forecast survey indicates a strong propensity to stability on foreign markets (76% of the sample), while 24% expect further growth in the first three months of this year. The domestic market will remain at the current level according to 66% of the interviewees, it will expand according to 29% and it will show signs of reduction according to 5%.