Ceramic Machinery Revenues Fall to EUR 1,7 Billion in 2019
The Italian ceramic and brick machinery and equipment industry posted revenues of EUR 1,73 billion in 2019 following five years of record growth that had led Italian manufacturers to a turnover in excess of EUR 2,2 billion.
In 2019, the signs of a slowdown that had already emerged the previous year intensified and the decline in volumes reached 19,8 %. This decline was a combined result of the expiry of the Industry 4.0 tax incentives in Italy and the slowdown in international construction sector investments, particularly ceramic tiles. Ten years on from the disastrous year 2009 when the sector abruptly lost more than 30 % of its revenues, this niche segment of the Italian mechanical engineering industry, 73 % of which is dependent on foreign markets, is now facing a second severe contraction. In particular, it saw a more than one fifth decline in exports in 2019, down 20,4 % to EUR 1262 million. Meanwhile, the Italian domestic market contracted by 18,3 % to a turnover of EUR 468 million.