November 18, 2014

18/11/2014: Italy's success on show at IPACK-IMA

The Ipack-Ima industry a case of excellence in Italy with US$54 billion in revenues and record-setting exports

The supply chain showcased by IPACK-IMA is a collection of industries worth US$54 billion in revenues employing 153,000 people, and represents a clear case of success in Italy. ~
 


All economic indicators point to trade balances exceeding the national industrial average; additionally, as revealed by recent analyses carried out by the Ipack-Ima Observatory studying the industry, it evolves according to dynamics that actually anticipate the economic recovery in the country – which is longer in coming than expected for the Italian manufacturing industry as a whole.

The propensity to exports is one of the characteristics of this macro-sector: on the whole, 35 percent of total revenues is generated in markets outside of Italy, with impressive peaks like 78 percent reached by instrumental goods, which are contributing a great deal to shifting Italy’s trade balance toward surplus. The materials and packaging sectors show a more limited propensity to exports at about 18 percent, in line with other industries.

More in detail, the sector of instrumental goods is worth over US$15.5 billion (data 2013), of which no less than 9 is generated in foreign markets. Packaging machinery is the flagship segment of the industry with 48,000 employees and $8 billion in revenues, 83.1% of which derives from exports; it is followed by material handling and logistics machinery (US$5.3 billion revenues, 71.6 percent from exports) and food processing machinery (US$2.2 billion revenues, 76.5% from exports). The packaging industry totals over US$39 billion in revenues, of which US$6.9 billion generated outside of Italy, and employs 105,000 people.

In 2013 the industry showcased by IPACK-IMA grew by 2.6 percent (an overall increase resulting from +4.7 percent in instrumental goods and +1.8 percent in packaging) driven by its impressive performance on foreign markets (machinery +8.5 percent, packaging +2.2 percent). This in turn resulted in stable employment levels in spite of the protracted weakness of the domestic market, which nonetheless registered a slight increase of 0.5 percent.


Read more HERE.
 

The Global Miller
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