Italy: world second largest exporter of Industrial valves
Italy: world second largest exporter of Industrial valves
World Top Exporters
Table -1
World Top Exporters (2014)
China
8.378,00
ITALY
7.819,00
USA
7.260,00
Germany
6.143,00
Japan
2.792,00
Others
23.455,00
55.847,00 USDMil
China
15%
Others
42%
ITALY
14%
Sources: McIlvaine Co. (2015), Valve Campus (2015)
USA, 13%
Japan, 5%
Germany, 11%
Italy: world second largest exporter of Industrial valves
Italy: 7,8 billion USD of Export in Industrial valves
9.000,00
8.000,00
7.000,00
6.000,00
5.000,00
4.000,00
3.000,00
2.000,00
1.000,00
China
Sources: McIlvaine Co. (2015), Valve Campus (2015)
ITALY
USA
Germany
Japan
Italy: world second largest exporter of Industrial valves
Industrial valves: a growing market
Table -3
Y2014
Y2013
Y2012
…
World Market Trends
USDMilions
Growth
55.847,00
3%
53.986,00
3%
52.340,00
Source: Mcilvaine Co. (2015)
60.000,00
50.000,00
40.000,00
30.000,00
20.000,00
10.000,00
-
Italy: Europe Leading Manufacturer of Valves for Oil & gas
More than 100 companies active in the Oil & gas valves business
Leading 50 companies have total sales of 3,1 billion Euro in 2013
2013 revenues growth 13%
2012 revenues growth 33%
3.500.000
3.000.000
2.500.000
2.000.000
1.500.000
1.000.000
500.000
Y 2013
Y 2012
Revenues (top 50) Y 2011 Y 2013
Euro x 1000
3.156.243
Source: Valve Campus (2015)
Y 2012
2.803.358
Y 2011
2.115.131
Italy: Europe Leading Manufacturer of Valves for Oil & gas
Valve companies ownership: a highly internationalized business
Company no
FOREIGN
PRIVATE
Total
15
35
50
30%
70%
Revenues
1.230.506
1.923.724
3.154.230
39%
61%
35
39%
FOREIGN
PRIVATE
61%
15
Source: Valve Campus (2015)
Lombardy: the world manufacturer center of Oil & gas Valves
Lombardy is the base of 39 out of the 50 largest companies
The Lombard companies generate 80% of the top 50 companies revenues with 2,5 bil Euro export in 2103
Companies
Bergamo
Brescia
Lecco
MonzaB
Milano
Varese
Pavia
Sondrio
Piacenza
Novara
Piacenza
Trieste
Udine
Sondrio Cagliari
Lucca
Revenues '13
7
337035
2
128327
2
210277
2
105316
20
905743
Cagliari
2
88336
Lucca
Trieste Udine
3
743452
Novara
1
11538
5
418787
2
61443
1
42358
1
38129
1
34477
1
29012
Pavia
BERGAMO
Bergamo
Brescia
Lecco
MonzaB
7
BRESCIA
2
LECCO
2
MONZAB
2
MILANO
VARESE
20
2
PAVIA
3154230
2530024
0,80210511
SONDRIO
3
1
PIACENZA
Varese
5
NOVARA
2
TRIESTE
1
UDINE
1
CAGLIARI
1
LUCCA
1
Milano
Source: Valve Campus (2015)
Italian valve businesses: a uniquely integrated values chain
Italy is the base of the key suppliers for the valves business
The raw material supplier base is well represented by the forging companies:
2,1 bil Euro in revenues at the largest 30 companies with 4200 employes
Udine
Torino
Genova
BERGAMO
Bergamo
113
BRESCIA
Brescia
COMO
Vicenza
556
32
LECCO
352
Como
MANTOVA
Varese
Lecco
Sondrio
110
MILANO
829
SONDRIO
203
VARESE
Mantova
GENOVA
473
77
TORINO
UDINE
261
89
Milano
Source: Valve Campus (2015)
VICENZA
1123
Italian valve businesses: a uniquely integrated values chain
Italy is the base of the key suppliers for the valves business
Seal and gasket companies supplies a key elemnt of the valves business
0,4 Euro in revenues at the largest 15 companies highly concentrated in Bergamo and Brescia province
Brescia
13%
Source: Valve Campus (2015)
Bergamo
87%
Italian valve businesses: a key part of the Italian value chain in the Oil & Gas business
YY
Italy is the base of the key suppliers of the oil & gas equipment
Fitting companies share the same supplier base and customers worldwide
1 bil Euro in revenues at the largest 15 companies with more than 2000 employees
Ravenna
0
Bergamo
BERGAMO
Piacenza
Lecco
LECCO
MILANO
MONZA BRIANZA
Milano
Modena
Monza Brianza
VaresePavia
Source: Valve Campus (2015)
500
1500
451
168
51
110
PAVIA
31
VARESE
87
MODENA
93
PIACENZA
RAVENNA
1000
1723
183
2000
Valves business and Oil prices - a strong correlation
Oil price have strong correlation to business results
2005-2014 Revenues and WTI Oil price
1.800.000
120
1.600.000
100
1.400.000
1.200.000
80
1.000.000
60
800.000
600.000
40
400.000
20
200.000
Selected 18 companies data source: Valve Campus (2015)