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Acimall reports:

Positive year for technology for woodworking and the furniture industry

The preliminary balance of 2023 drafted by the Studies Office of Acimall shows 3.5 percent growth of production compared to 2022. So, despite a trend of orders that was much less satisfactory than the excellent results of the past years, the companies had and still have a strong order backlog, allowing them to increase their revenues also in the year that’s going to end.

Photo © Marina Demkina |

After the 5.3 percent increase achieved in 2022 over the record year 2021, this trend indicates the full health of the industry companies, who had the opportunity to invest and strengthen their position in Italy and, according to tradition, all over the world.

The value of production reached up to 2.74 billion euro, net of inflation, but still an all-time record for the woodworking machinery industry in a period when all mechanical industry domains, machine tools above all, are experiencing the same situation.

Export – which account for approximately 70 percent of total revenues – increased by 7 percent (1.935 billion euro in value), while sales on the domestic market are falling (805 million, down by 4 percent from 2022), also reflected by the significant decrease in import (270 million in value, minus 7 percent compared to the previous year).

The reduction of apparent consumption amounted to 4.3 percent, down to 1.075 billion euro, showing the consistently strong demand of wood and furniture technology in Italy, which remains the fourth global market after China, the United States and Germany, and before Vietnam at number five. It is also worth noticing that, also in 2023, the industry of wood and wood-based material technology maintained an excellent performance in terms of trade balance, with an active result by 1.665 billion euro, 9.3 percent higher than in 2022.

As mentioned, for a few quarters now, the woodworking machinery industry has moved back to more “normal” values, after the booming trend of recent years, and it is expected to follow the same trend also in 2024.

'Such values can hardly be estimated today, due to the tragic international events we all know, that might have a heavy impact on the global economy,' said Acimall’s director Dario Corbetta. 'Our industry is also subject to ups and downs, with positive periods alternating with less satisfactory ones: the news – so to say – is that the growth in the past years was so powerful to generate a peak, a strong discontinuity that will require a slow return to normal, hence the persistence of negative values over a long time, though with lower rates. However, there is a feeling that the industry is worrying excessively for what can be considered a natural slowdown. 2023 figures are showing this, and today, the companies are definitely much stronger in terms of financial capacity and organization, compared to previous, much more difficult periods: as a result, they will be able to face a business reduction that we can call “normal”, though apparently magnified by the extraordinary results of the previous three years.'

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