A dynamic sector, ready to face the challenges of innovation and diversification. This is the conclusion of the report of the FVG Metalworking Observatory, in which the DEAMS Department of UniTS has participated, providing cases and evidence of this phenomenon.

Area Science Park, the University of Udine and Intesa Sanpaolo were also scientific partners in the project.

These are the three main themes that emerged from the report:

International Vocation

The engineering sector represents 46% of the regional manufacturing industry, with an electromechanical specialisation (94% of the engineering sector). In the November 2024 snapshot, the sector ‘held up’ better than predicted in the June flash report, with 5,114 companies (-0.3% compared to November 2023, instead of -0.7%), while the rest of manufacturing performed in line with forecasts. The province of Udine, which accounts for 45% of the regional companies, is the area that has recorded the largest decline since 2021 (-2.3%). The province of Pordenone remained stable with 32% of the companies. The tendency towards internationalisation remains strong (41% of companies); exports are more widespread among medium and large companies, which are often innovative and certified.

Diversification and Economic Performance

Intesa Sanpaolo's internal survey of its commercial network shows that FVG companies are increasing the geographical diversification of their sales and supply markets, above the Italian average. In 2023, turnover growth at current prices was 22.5%, with an improvement in margins (+2 points compared to 2019), driven by foreign operations (growth of 25.9%) and participation in the construction supply chain.

Business Diversification Strategies

In a rapidly changing market, FVG companies are exploring new strategies: some are focusing on geographical or sectoral diversification to grow or to avoid crises, while others are strengthening their presence in existing markets. However, diversification requires transversal skills and the ability to adapt to the rules of new markets not possessed by all companies.