Italy

ITA 

In 2022, Italy’s global yachting industry turnover grew by 20% to over €7 billion. Italy, the world's leading exporter of boats and yachts, achieved an all-time high of €3.74 billion in the year ending June 2023. In 2022 Italian yachting exports represented 18.3% of the global figure with 88% of national shipbuilding production sold abroad. Italy is the world's leading producer of boats over 24 metres, inflatable units over 10 metres, and boating equipment.<img src="https://photo-assets.superyachttimes.com/photo/292646/image/large-06c598c47be2ff9a9be7e6ec08823706.png" data-gid="gid://syiq/Photo/292646">Italy's supremacy is also reflected in its participation at the <a data-gid="gid://syiq/Event/184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE - 2023">METSTRADE</a> 2023 show in Amsterdam, in which the Made in Italy brand’s industry excellence will be on full display, represented by a collective of 66 Italian companies organised by the Italian Marine Industry Association Confindustria Nautica in partnership with the <a data-gid="gid://syiq/Company/6532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ITA (Company)">Italian Trade Agency,</a> spread between the 1,454 square-metres of Hall12 and the 132 square-metres of the event’s Superyacht Pavilion.<img src="https://photo-assets.superyachttimes.com/photo/292647/image/large-772ea1d08a9d7f47336735a41a7d5513.png" data-gid="gid://syiq/Photo/292647">"The equipment and components segment of the Italian yachting industry," commented Saverio Cecchi, President of the Italian Marine Industry Association, "plays a fundamental role on the world market and stands out for its high levels of quality and technology, something keenly appreciated worldwide".<img src="https://photo-assets.superyachttimes.com/photo/292648/image/large-555f99c569953866d8b49ae6cec6c94a.png" data-gid="gid://syiq/Photo/292648">Make sure to visit the team at next weeks METSTRADE event, in Hall 12. You can also reach out to the team now for more information;

Italian Pavilion METSTRADE 2023

Next week the top of the Italian maritime industry arrives in Amsterdam for the METSTRADE.

The excellence of Italy returns to the METSTRADE with 66 exhibitors

There has been a significant uptick in sales of Italian superyachts this year with €2.8 billion penned into order books, marking an all-time high for the Italian pleasure boat sector.To determine the growth as merely a post-lockdown rebound doesn’t do justice to the phenomenon, a survey conducted by <a data-gid="gid://syiq/Company/6533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Confindustra Nautica (Company)">Confindustria Nautica</a> confirms. There are a number of factors involved, including an increase in boat yard exports and the stellar performance of the boating equipment and marine engine segments. The Italian industry’s estimated overall turnover increase is 23.8 percent for 2021, determining a total value of €5.5- €6 billion. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/210768/image/large-5a0e97f9f162fb3cb573dd5cbd1827d9.jpg" data-gid="gid://syiq/Photo/210768"> The survey, which was carried out on a sample of member companies, brought to light that there have been clear developments in both nautical tourism companies and those manufacturing and delivering industrial components. To talk figures, the sample from the yachting sector indicated a 44 percent growth in turnover and 41 percent estimated growth in contracts. Meanwhile, those representing accessories and engine components reported similar trends.&nbsp;The key takeaway is that these estimates lead to the likely conclusion of around a $4.8 billion global and combined turnover this year, mirroring that of the last one.&nbsp;Much as any other industry, nautical tourism has been clobbered by supply chain issues, spurred on by the effects of the pandemic and subsequent downturn of international travel. The survey revealed that around 57 percent of the sample in the ports and services sector reported a reduction in turnover. Those in the business of charter have been hit the hardest and 82 percent of those who took part in the survey reported a decline in their turnover – notably, two out of three businesses reported a drop exceeding 20 percent.&nbsp;Nonetheless, and even with these global issues, Italy has confirmed its worldly status in the superyacht sector for 2021. Around half of all yachts in the above 24 metre category are being managed by Italian-based builders: out of the 821 yachts from this category currently under construction, 407 are Italian. A momentous achievement for Italy, as this is the largest number of Italian yachts under construction in the same year since 2009.&nbsp;To put this in perspective, according to <a href="https://www.superyachttimes.com/yachting-intelligence" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>, Italy holds the lion’s share of new yachts sold with over 50 percent of global orders over 24 metres. Benchmarked against the nation’s own success last year, Italy has seen a growth of 0.3 percent in 2021, which equates to an increase of nine yachts over 24 metres sold this year.&nbsp;<a data-gid="gid://syiq/Company/6532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ITA (Company)">ITA</a> is the governmental agency that supports the business development of Italian companies abroad and at home. It does this by providing information, assistance, consulting, promotion and training to small and medium-sized Italian businesses. ITA primarily focuses on boosting the flow of exports and invoices between Italy and the rest of the world.&nbsp;<a data-gid="gid://syiq/Company/6533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Confindustra Nautica (Company)">Confindustria Nautica</a> is the Italian Marine Industry Association and an active member of the General Confederation of Italian Industry and has been representing the interests of the boating industry since 1967. It provides ready assistance and care for yacht builders, marine services, tourism, charters, sales networks and the entire supply chain.&nbsp;Both <a data-gid="gid://syiq/Company/6532" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ITA (Company)">ITA</a> and <a data-gid="gid://syiq/Company/6533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Confindustra Nautica (Company)">Confindustria Nautica</a> will be at the <a href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="METSTRADE - 2021">METSTRADE</a> show in Amsterdam this month with a delegation of 86 Italian businesses.&nbsp;

Italy’s uptick in superyacht sales

There has been a significant uptick in sales of Italian superyachts this year.