Hydraulic market in Italy

Earlier Report Observations

From 2018 to 2020, the Italian hydraulic equipment market volume fluctuated, declining from 457 K t in 2018 to 400 K t in 2019, then slightly recovering to 409 K t in 2020. The market is characterized by the presence of niche companies and large DIY chains like Leroy Merlin and Bricoman. The decline in 2019 coincided with the end of the Bonus idrico program, which had incentivized the replacement of plumbing with low-consumption devices, and a transition to a new economic cycle in the construction sector. In 2020, investments of 800 million euros to modernize irrigation systems and legislative measures to improve water network efficiency supported demand for hydraulic equipment.

In 2021, the market surged to 564 K t, driven by the expiration of Bonus idrico, which led to a spike in demand before the incentive ended, and the early approval of reforms simplifying regulations for water infrastructure investments. Growing focus on infrastructure resilience also contributed. However, in 2022, market volume dropped to 455 K t, despite the presence of programs like Superbonus 110% and PNRR investments of 4.3 billion euros in the water sector, possibly due to geopolitical uncertainty and a correction after the previous surge.

In 2023 and 2024, the market continued to grow, reaching 565 K t in 2024. In monetary terms, the market value increased from 30.4 million $ in 2018 to 70.1 million $ in 2024, reflecting price increases and the adoption of more technological equipment, such as remote monitoring systems and home automation, as highlighted by digitalization trends.

Production hydraulic in Italy

In value, 2017-2020, K $ US

Italy's hydraulic production value experienced a two-year decline before rebounding. In 2020, output reached 30 559 K $ US, representing a 15.1% increase from the previous year. However, looking at the broader period from 2017 to 2020, production fell by 31.4%, which translates to an annualized decline rate of 11.8%. The lowest value was recorded in 2019 at 26 544 K $ US, while the most significant drop occurred in 2018 with a 32.5% decrease.

Annual dynamics of production in Italy in value, 2017-2020, K $ US

In kind, 2017-2020, K t

Italy's hydraulic production volume contracted for two years before showing improvement. In 2020, production amounted to 408.3 K t, marking a 2.7% rise from 2019. Over the 2017-2020 period, however, production declined by 41.4%, corresponding to a compound annual growth rate (CAGR) of -16.3%. The minimum volume was recorded in 2019 at 397.4 K t, with the largest single-year decline occurring in 2018 at 34.8%.

Annual dynamics of production in Italy in kind, 2017-2020, K t

Exports hydraulic from Italy

Exports in kind, t

Italy's hydraulic export volume saw a modest increase in 2020, reaching 1 738 t, which was 8.9% higher than the previous year. Despite this recent uptick, exports decreased by 53.1% over the 2017-2020 period, equating to an annualized decline rate of 22.3%. The lowest export volume was recorded in 2019 at 1 595 t, while the peak occurred in 2018 at 3 801 t. The most substantial year-over-year decline took place in 2019 with a 58.0% drop.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Slovenia, Turkey, and Switzerland were the primary destinations for Italy's hydraulic exports in volume terms. Slovenia accounted for 22.6% of exports, Turkey for 20.0%, and Switzerland for 18.9%. Together, these three markets represented 61.5% of Italy's total hydraulic export flows during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

Italy's hydraulic export value declined for the third consecutive year. In 2020, exports totaled 413 K $ US, reflecting a 3.4% decrease from the previous year. Over the 2017-2020 period, export value fell by 53.7%, corresponding to a compound annual growth rate (CAGR) of -22.7%.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

Between 2017 and 2020, Switzerland, Turkey, and India were the leading destinations for Italy's hydraulic exports in value terms. Switzerland accounted for 30.7% of export value, Turkey for 18.4%, and India for 12.3%. Collectively, these three countries represented 61.4% of Italy's total hydraulic export value during this timeframe.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports hydraulic to Italy

Imports in kind, t

Italy's hydraulic import volume declined for the third year in a row. In 2020, imports amounted to 2 260 t, showing a sharp decrease of 47.0% compared to the previous year. Over the 2017-2020 period, import volume fell by 70.5%, which translates to an annualized decline rate of 33.4%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, France and Germany were the main sources for Italy's hydraulic imports in volume terms. Together, these two countries accounted for 85.0% of total import flows, with other partners making up the remaining share.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, K $ US

Italy's hydraulic import value declined for the third consecutive year. In 2020, imports totaled 824 K $ US, reflecting a slight decrease of 1.3% from the previous year. Over the 2017-2020 period, import value fell by 30.9%, equating to an annualized decline rate of 11.6%.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

Between 2017 and 2020, France was the dominant source for Italy's hydraulic imports in value terms, accounting for 81.8% of total import value. Other destinations played a much smaller role during this period.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020