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02/08/2022 – In the first quarter of 2022, the production districts of the Marche achieved a total of over 1.1 billion euros in exports, with a trend growth of 17.6% and fully recovering (+ 3.1%) the level of the first quarter of 2019. This is what appears in the Monitor of the Industrial Districts of the Marche by the Studies and Research Department of Intesa Sanpaolo.
Almost all the Marche districts had already recovered the pre-pandemic levels at the end of 2021 and continue the growth trend also in the first months of 2022, with the exception of three of the four districts in the fashion sector, which in any case recorded progress to two in the period in question compared to the same period in 2021.
“The companies of the Marche region – points out Alessandra FlorioRegional Director for Emilia-Romagna and Marche at Intesa Sanpaolo – has shown resilience during the toughest periods of the pandemic, and Q1 export figures finally show an overall recovery from 2019 levels. The fashion districts are also growing in double digits and approaching this milestone. In the current uncertain scenario, we are on the side companies in the Marche region, to whom we disbursed 470 million euros in new credit in the first six months of the year in the medium to long term to create an increasingly resilient economy: both by providing quick solutions to emergency situations and by supporting strategic investments towards the environmental and digital transition and improving supply chain relationships.
The dynamic in the home system districts is very positive: scythe Fabriano hoods and white goods, with total exports of 257 million euros in the first quarter of 2022 is + 11.3% (+ 21.8% compared to the same period in 2019). Excellent results against the first four commercial destinations, all European: Germany (+ 6.6%), France (+ 56.4%), Spain (+ 23.3%), Poland (+ 37.5%), while sales to the USA (-58.2%) and Russia (-18%), which account for around 4% of the district’s total exports.
That Kitchens in Pesarowith 84 million euros, it achieves a growth of 8.6% year/year (+ 24.1% compared to 2019), productions on the American market are highly valued (+ 47.6%).
That Machine tools and wood from Pesaro realized 134 million euros in the quarter, with a growth of 6.6% compared to 2021 and 11.5% compared to 2019 respectively. The first target market, the USA, marks +8.8%, France and Germany both grew by around 24 %, while Russia (absorbing 3% of the total) halved flows compared to the first quarter of 2021.
Good performance also for the Fabriano paper mill, which at 66 million euros is + 16.8% compared to the same period in 2021; however, it should be noted that the price index in foreign markets for the stationery industry grew by 17.7% y/y in the first quarter of 2022. The sector, one of the most energy intensive, was also affected by the unavailability and volatility of raw material prices, driven by the increased demand for cardboard packaging replacing plastic packaging. Sales to Germany (+ 36.1%), France (+ 13.9%) and Spain (+ 30.5%) have increased, while Greece (-48.3%) and Turkey (-52.4%) are decreased ); doubling flows to the UK and US.
The district of musical instruments by Castelfidardo confirming the same values from the first quarter of 2021 (+ 1.4%), but falling at levels higher than 20% compared to the same period in 2019.
That Footwear from Fermo, the first export district in the region with over 400 million euros in the first quarter of 2022, despite the excellent recovery (+ 22.6%) it is still down by 6.8% compared to the same period in 2019. Above all that Russian market, which absorbs around 8% of the district’s total exports and is down -35.2% on a trend basis (-46.7% compared to the same period in 2019); on the other hand, sales to Germany are increasing (+ 17.5% trend, but still a decrease of 6.9% compared to 2019), France (which achieves + 7.8% compared to the first quarter of 2021 and +2 .8% compared to 2019) and the USA (with progress of + 62.3% and + 19% respectively).
Same dynamic forMarche clotheswhich grew by 22.1% compared to the first quarter of 2021 (-8.9% compared to 2019): the downward trend towards French (-24.4%) and Russian (-14.7%, which here weighing 7%) is more than offset by advances against Germany (+ 31%), the USA (+ 123%) and the UK (+ 146%).
For Tolentino leather goods (+ 39.8% compared to the first quarter of 2021; -17.1% compared to 2019) widespread growth was achieved against all the main destinations; The Chinese market stands out in particular, tripling the values compared to the same period in 2021.
The only district to do even better, to restore even pre-pandemic levels, is Jeansdalen in Montefeltroas with one sprint by more than 50% exceeding 2019 levels by 9.1%, thanks primarily to the strong jump in sales to France, which went from 2.3 million in the first quarter of 2021 to over 7.7 million in the same period of 2022.
The development in district exports was good mature markets (+ 18.5%)thanks to the contribution of France, the first commercial destination in 2021 (+ 14.3%), Germany, which corresponds to France for flows in the first quarter of 2022 (+ 17.1%) and the United States (+ 17.3%), a market where the strong dollar makes Made in Italy products cheaper, especially in favor of the districts of the fashion system.
Sales against emerging economies (+ 16.3%)40% of total exports from the Marche district, mainly thanks to the increase in sales in China (+ 50.3%).
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