In 2023, the export value of electrical and electronic equipment from Italy stood at US$35.471 billion. Over the last two years, the year-on-year variations were 1.62% in 2022 and 1.56% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 0.93%.
From 2013, the data indicates fluctuating trends, with notable declines in 2015 and 2020 by -8.64% and -15.55%, respectively. However, significant growth periods were observed in 2017 and 2021 with increases of 8.93% and 22.51%. The forecast from 2024 to 2028 anticipates steady growth, with a forecasted five-year CAGR of 1.22%, indicative of a 6.24% growth rate over this period.
Future trends to watch for:
- Technological advancements and their impact on the market
- Trade policies and economic conditions affecting exports
- Global demand shifts and emerging markets