Italian woodworking technology sector registers positive Q4 2021

Image: Blaz Erzetic/Unsplash

A new report by Acimall, the association of Italian woodworking technology manufacturers, indicated a positive performance for Q4 2021 for the Italian woodworking technology sector. According to the report, although the October to December 2021 period was “quieter” than the previous quarters, orders still increased by 41% over the same period of 2020, resulting from a 60% growth on the domestic Italian market and 38.6% increase on the international scenario.

Conversely, production is impacted by provisioning problems, and there are price increases and delays in the supplies of raw materials and components, which might extend their effect into the first part of 2022.

The quarterly survey by the Studies Office of Acimall on a statistic sample of companies also indicated 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%.

According to the Acimall Studies office, the order intake in the 12-month period in 2021 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, which experienced an increase of 44.1%. Comparing quarter-on-quarter figures, orders increased by 46.1%, in line with the result recorded in 2021 on the whole.

The Acimall Studies office also did a quality survey, and based on the answers of the interviewees, 76% of the sample indicated a strong propensity to stability on foreign markets in the future, while 24% expect further growth in the first three months of this year. The Italian 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%.

Image: Acimall