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 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
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
which is published by Perendale Publishers Limited.
which is published by Perendale Publishers Limited.
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