According to the Findomestic Observatory it is the third region for growth. The increase was driven by mobility thanks to the record in Italy for growth in spending on used cars. Verona is the city where families spend the most and Rovigo surpasses Venice.
In 2023, almost 7 billion euros were spent on durable goods in Veneto (6 billion and 925 million euros), 10.4% more than in 2022: it is the third region with the most sustained growth after Tuscany and Emilia Romagna. According to what was found by the Findomestic Observatory (BNP Group) in collaboration with Prometeia, the increase in spending on durables in Veneto is higher than that of the North-East (+10%), but also than the national one (+8.9) . “In Veneto – comments Claudio Bardazzi, Manager of the Findomestic Observatory – the results are better than the Italian average in the mobility and mobile sectors (+1.8% vs +0.8%). The widest gap is recorded in spending on used cars: the increase in the region (+24.4%) was the largest recorded in Italy, approximately 6 points higher than the average (+18.7%). Sustained growth also for new cars (+20% vs +19.5% national average) and motor vehicles (+25.6% vs +24.7%). Sales of household appliances also increased (+2.2%). On the other hand, consumption is decreasing in the telephony market (-4.3%) and, as already happened in 2022, in the information technology market (-7.8%) and consumer electronics (-29.2%) .”
Also thanks to a per capita disposable income increased by 6.4% (over +5.7% of the national average and +5.9% of the North-East), Veneto is the 6th Italian region for average expenditure family in durable goods (3,259 euros per household). Among the provinces, Verona (3,392 euros per family) and Padua (3,385 euros) stand out, 14th and 15th respectively in the ranking of the 107 Italian provinces. Well behind are Rovigo (3,120 euros) and the capital Venice, which with its 2,994 euros of spending per family ranks only 49th among the Italian provinces.
IN 2023 BELLUNO EXCEEDS 300 MILLION EUROS IN SPENDING ON DURABLES, 17th FOR GROWTH. In the last year the people of Belluno spent over 300 million euros (3,217 euros on average per family) on durable goods, 10.7% more than in 2022. A growth which, as emerges from the data of the Findomestic Observatory, positions the province in 17th place in Italy for increase. The car market is positive between new (+18%, 63 million) and used (+24.8%, 99 million) and that of motor vehicles despite a lower economic impact: +37.6% (record in the region), but for a value of just 5 million euros in total spending (last place). For the domestic environment, the people of Belluno spent 26 million euros on household appliances (+2.3%), 7 million on consumer electronics (-28.6%) and 71 million on furniture which with a 3.1% increase places the city in 5th place among the 107 Italian provinces for growth in the segment. Opposite trend for information technology (9 million, -5.3%) and telephony (22 million, -4.8%).
PADUA 4th ITALIAN PROVINCE FOR GROWTH IN SPENDING ON DURABLES, AT THE TOP FOR USED CARS. In 2023, the people of Padua spent 1 billion and 374 million euros on durable goods (the highest figure in Veneto and 9th place among the 107 Italian provinces), 11.6% more than in 2022 (the fourth best performance at Italian level). For used cars (+26% turnover compared to ’22, third highest growth in Italy), 408 million euros were spent, over 50 million more than new ones (349 million, +20% compared to the previous year). Motorcycles are also accelerating with a 25.6% increase in turnover in the last year, reaching 38 million euros. In the home world, the sector that drives consumption is furniture with 308 million euros spent (+2.8%, 759 euros on average per family) followed by household appliances (111 million, +2%). In Padua, less was spent compared to 2022, however, for information technology (PC) (41 million in total and -6.6%), for consumer electronics, i.e. TV and Hi-Fi, (29 million , and -29.2%) and telephony: -4.4% to 91 million which in 2022 had been 95.
VERONA FIRST IN VENETO FOR AVERAGE SPENDING PER FAMILY ON DURABLES, 14th IN ITALY. Each Veronese family spent an average of 3,392 euros on durable goods in the last year (+10.2% compared to 2022), the highest value in the region and the 14th at a national level. Overall, as highlighted by the Findomestic Observatory, the 2023 turnover was 1 billion and 369 million euros, 10.2% more than the year before. The people of Verona purchased new cars for 319 million euros (+18.2%), but used cars showed the greatest increase (+23.3%), rising to 438 million euros, the highest overall value in Veneto and the seventh in Italy. The “two wheels” also performed well, with 47 million in total spending placing Verona in 1st place in Veneto and 13th in Italy. In the homes of the Veronese, 29.3% fewer resources were used for consumer electronics (27 million) and 6.1% fewer for information technology (39 million in 2023 compared to 42 in ’22 ) and for telephony (-4.1%) dropped to 96 million euros. On the contrary, household appliances stood at 111 million euros of expenditure (+2.3%) and furniture which reached 292 million euros in one year thanks to a slight increase in expenditure (+0.9%).
VICENZA HAS THE HIGHEST AVERAGE INCOME IN THE REGION, SIXTH PROVINCE IN ITALY FOR USED CARS. Vicenza is the Venetian province with the highest per capita income as emerges from the data of the Findomestic Observatory: 25,316 euros per year (+6.3% per year). During 2023, the people of Vicenza spent 1 billion and 225 million euros on durable goods, +10.4% compared to the previous year (3,319 euros per family). 278 million euros were invested in new cars, with an increase of 18.7%, while for used cars spending grew by 24.9%, reaching 379 million euros (6th best in Italy for increase) . Motorcycles also saw robust growth of 28%, with an investment of 35 million euros. Faced with a 29.2% drop in the turnover of TV and Hi-Fi systems, with a cost of 27 million euros, the people of Vicenza showed a preference for household appliances for which they spent 2% more compared to 2022, equal to 103 million euros. The mobile sector grew by 1.3%, with a total expenditure of 288 million euros in 2023. On the contrary, information technology (PC) recorded a decline of 8.4%, reaching 36 million of Euro. Telephony is also online and suffered a contraction of 4.3%, despite a total expense of 79 million euros.
IN TREVISO SPENDING ON DURABLE DURABLES OVER 1.2 BILLION EUROS. According to data from the Findomestic Observatory, the durable goods market in Treviso shows strong growth in 2023, with overall expenses of 1 billion and 204 million euros, +10.6% compared to 2022. In particular, the automotive sector has led this expansion with 290 million euros invested in new cars (+20.7%) and 354 million in used cars (+24.5%), placing Treviso in eighth place for growth among the Italian provinces. The motor vehicle market also grew by 28%, with expenses of 28 million euros. As regards household appliances, a smaller increase is observed (+2.2%) with 105 million euros spent, while furniture marks an increase of 2.1% with 282 million euros spent in total. In contrast, consumer electronics suffered a decline of 29%, and the information technology sector (-9% to 37 million) and telephony (-4.6% to 79 million) also recorded a decline.
VENICE IS THE ONLY VENETIAN PROVINCE WITH AVERAGE HOUSEHOLD EXPENDITURE UNDER 3 THOUSAND EUROS. The economic dynamism of Venice is confirmed in 2023, as highlighted by the Findomestic Observatory which places the lagoon city in 32nd place nationally for growth in spending on durable goods, with an increase of 9.9% for a total of 1,133 million euros . Venice remains, however, the only one in Veneto below the threshold of 3,000 euros in average spending per family on durable goods, standing at 2,994 euros per household. In the automotive sector, Venice recorded the best performance in the region with 255 million euros spent on new cars (+24.8%), and 303 million on used cars (+23.1%). The motor vehicle market is also growing with +25%, bringing it to 28 million euros. Although consumer electronics shows a decline of 29.1% with 28 million euros spent, Venice excels in the household appliances sector, with a total expenditure of 103 million euros (+2.6%), the best increase in the region . For furniture, the average expenditure per family reaches 758 million euros, with an increase of 1.8%. Otherwise, the telephony segment showed a decline of 3.7% to 94 million euros, the smallest among the Veneto provinces.
BOOM IN SPENDING ON USED CARS IN ROVIGO, THE 9TH GROWING PROVINCE IN ITALY. The durable goods market in Rovigo experienced a positive 2023 with total spending growing by 8.3% to a total of 317 million euros. The driving force, as noted by the Findomestic Observatory, is the increase in spending volumes on used cars (+24%, the ninth province in Italy for growth, at 92 million euros in total), more than new cars that they stop at 13.4% increase and 78 million euros in total. The turnover of motor vehicles increased by 30% compared to 2022, going from 6 to 8 million euros in total. For the purchase of household appliances, spending in the province grew by 1.2% (the smallest increase in the region) to 27 million in total, for the purchase of furniture it was essentially stable compared to 2022 with 72 million, while it literally collapsed for consumer electronics (TV): -30.2% to 6 million. Also negative were information technology (-8.3% to 9 million) and telephony which, with a decline of 5.2% (25 million euros, 246 euros on average per family) recorded one of the worst performances at an Italian level (103 °).
