Valves for oleohydraulic or pneumatic transmissions market in Italy

Earlier Report Observations

The Italian market for valves for oleohydraulic or pneumatic transmissions benefited from the country's position as a top-five global producer of hydraulic components, a sector in strong expansion due to its ability to handle significant power with compact, lightweight designs. This industrial foundation supported a market volume increase from 28 413 tonnes in 2018 to 43 037 tonnes in 2019.

After a contraction to 33 566 tonnes in 2020, the market recovered to 46 062 tonnes in 2021. A key development in 2022 was the consolidation within the industry, as OMT Group incorporated OMT and LUEN, pooling expertise and planning future innovations, which contributed to a further market expansion to 58 948 tonnes that year.

Following the peak in 2022, the market volume adjusted to 49 054 tonnes in 2023 and stabilized at 48 918 tonnes in 2024, indicating a period of market consolidation after the earlier growth phase.

Production valves for oleohydraulic or pneumatic transmissions in Italy

In value, 2017-2020, M $ US

Production of valves for oleohydraulic or pneumatic transmissions in Italy declined after two consecutive years of growth. In 2019, output reached its peak at 1 295 million US dollars, but then fell sharply by 16.9% in 2020 to 1 077 million US dollars. Over the period from 2017 to 2020, production decreased by 6.9%, which translates to an average annual decline of 2.4%. The largest year-on-year increase occurred in 2019, when production rose by 10.5%.

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

In kind, 2017-2020, t

After two years of growth, the production volume of valves for oleohydraulic or pneumatic transmissions in Italy declined. In 2019, output peaked at 64 608 tonnes, but then dropped significantly by 22.9% in 2020 to 49 790 tonnes. The largest increase was recorded in 2019, when production rose by 22.1% compared to the previous year.

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

Exports valves for oleohydraulic or pneumatic transmissions from Italy

Exports in kind, t

Following two years of growth, export volumes of valves for oleohydraulic or pneumatic transmissions from Italy declined. In 2019, exports reached their highest level at 34 263 tonnes, but then fell by 19.0% in 2020 to 27 752 tonnes. Over the 2017-2020 period, exports decreased by 8.2%, with an average annual decline of 2.8%. The largest increase occurred in 2018, when exports grew by 10.3%.

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

From 2017 to 2020, Italy's export structure for valves for oleohydraulic or pneumatic transmissions was balanced rather than concentrated. Germany accounted for 20.6% of exports in kind, France for 10.8%, and the United States for 7.5%. Together, these three countries represented 39.0% of total export flows, while the remaining 61.0% was distributed among many other countries.

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, M $ US

Export deliveries of valves for oleohydraulic or pneumatic transmissions from Italy declined for the second consecutive year. In 2018, exports peaked at 1 080 million US dollars, but then fell to 893 million US dollars in 2020, representing an 11.4% decrease compared to 2019. The largest increase was recorded in 2018, when exports grew by 21.7%.

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

From 2017 to 2020, Italy's export structure in value terms was diversified. Germany accounted for 19.2% of exports in value terms, France for 8.7%, and China for 8.7%. Together, these three countries represented only 36.6% of total export flows, while the remaining 63.4% was spread across numerous smaller markets.

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

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

Imports valves for oleohydraulic or pneumatic transmissions to Italy

Imports in kind, t

After two years of growth, imports of valves for oleohydraulic or pneumatic transmissions into Italy declined. In 2019, imports reached their highest level at 12 691 tonnes, but then fell by 9.2% in 2020 to 11 528 tonnes. Over the 2017-2020 period, imports increased by 53.7%, which translates to an average annual growth rate of 15.4%. The largest increase occurred in 2019, when imports surged by 43.5%.

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

From 2017 to 2020, three main markets—Germany, France, and Denmark—together accounted for 68.2% of Italy's total imports in kind of valves for oleohydraulic or pneumatic transmissions.

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, M $ US

Following two years of growth, imports of valves for oleohydraulic or pneumatic transmissions into Italy declined. In 2019, imports peaked at 460 million US dollars, but then fell by 7.3% in 2020 to 427 million US dollars. Over the 2017-2020 period, imports increased by 18.1%, with an average annual growth rate of 5.7%. The largest increase was recorded in 2019, when imports rose by 13.8%.

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

From 2017 to 2020, Germany was the primary supplier of valves for oleohydraulic or pneumatic transmissions to Italy, accounting for 54.2% of imports in value terms. Denmark contributed 7.5%, and the Netherlands 6.2%. Together, these three countries represented 67.8% of Italy's total imports in value terms.

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

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