Record-breaking Italian shipping industry revenues reach €8.6 billion
In 2024, Italy's nautical industry reached new heights, recording a total turnover of 8.6 billion euros, marking a growth of 3.2%. This significant achievement was driven by the high-end segment and the superyacht sector, while the small nautical sector experienced a decline in turnover of approximately -10%.
Italy's dominance in the global nautical industry is undeniable. The country is the world leader in the superyacht sector, with 572 units under construction, representing half of the global total. Italy is also the leading exporter in 2024, with an export of leisure and sports boats exceeding 4.3 billion euros.
The internationalization of the Italian nautical industry is evident from the export quota, which was 78% (5.90 billion euros) in 2024. Of this, 70.3% (4.05 billion euros) was destined for foreign markets, with Italy exporting to various parts of the globe. The Netherlands and Turkey followed Italy in terms of yachts under construction, with 69 and 146 respectively.
The Italian nautical industry's contribution to the country's GDP rose to 7.40 billion euros in 2024, equivalent to 3.37‰ of the national GDP. The industry also employed 31,480 actual employees, representing a +2.6% increase from the previous year.
However, the industry is not without its challenges. The decline in the small nautical sector is due to a combination of factors, including high stocks of leisure units in some markets, increasing geopolitical tensions, the decline in consumer confidence, and a national regulatory regime that is still too bureaucratic.
According to Stefano Pagani Isnardi, the director of the Office of Studies of Confindustria Nautica, the uncertainty of American duties could potentially cause a slowdown in the sector at a global level in 2025. Despite these challenges, entrepreneurs in the Italian nautical industry remain optimistic, expecting a recovery in the biennium 2026/2027, with signs of a trend reversal potentially visible from the performance of the Nautical Show.
The Italian nautical industry showcased new models and a strong focus on new market requests and trends at the Nautical Show, which could trigger renewed confidence in the sector by shipowners. The industry's commitment to innovation and its continued growth make it a key player in the global nautical market.
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