Machine Tool Market Italian machine tool orders dropped by 18.6 % in 2020
Italy — On an annual basis, machine tool orders in Italy dropped by 18.6 % in 2020 versus 2019. Even in the last quarter of 2020, the collection of machine tool orders shows a negative trend.
The Ucimu index of machine tool orders processed by the Economic Studies Department & Business Culture of the Association highlighted an 18.1 % fall in the fourth quarter 2020 compared with the same period of the previous year. The absolute value of the index was 86.4 (base 100 in 2015). The overall outcome is affected by the negative performance of the Italian domestic market, as well as by the weakness of foreign demand.
In particular, the collection of orders on the domestic market registered a 28 % downturn compared with the fourth quarter of 2019. The absolute value of the index was 123.9, thus still very high despite the reduction. On the foreign front, orders decreased by 14 % compared with the period October-December 2019. The absolute value of the index was 78.7.
On an annual basis, the total index marked an 18.6 % fall compared with the previous year. The outcome was due to the collapse of the orders collected on the domestic market (-35.1 %) and to the reduction of those collected on the foreign market (-13.6 %). Barbara Colombo, President of Ucimu-Sistemi Per Produrre, the drop registered in the fourth quarter 2020 gives an idea of the difficulties that the manufacturing industry, not only the Italian one, has been encountering due to the health emergency. However, Colombo is confident that already in the first months of 2021, the situation will improve. The Government incentive measures for the replacement of obsolete machinery and for Transition 4.0, the availability of vaccines, along with the presence of two very important exhibitions in Italy, such as Lamiera and Emo Milaon 2021, both of them held at fieramilano Rho, would raise hopes for the trend of this new year, she added.
“While waiting for the Government authorities to give green light in March to resume the exhibition activity in Italy, the Association is working non-stop on the organisation of Lamiera, held at Fieramilano Rho and centred on the segment of sheet metal working and forming machines, scheduled to take place from 26 to 29 May, and of Emo Milano 2021, the world exhibition of machine tools and robots, hosted again in Italy from 4 to 9 October, six years after the success of the 2015 edition”, Colombo stated.