From 2013 to 2023, the gross value added (GVA) of Italy's mining and quarrying sector showed significant fluctuations, with a substantial recovery starting from 2021. Noteworthy declines were observed particularly between 2013 and 2020, reaching a low point in 2020. However, the sector experienced robust growth rates of 72.43% in 2021, 95.97% in 2022, and 48.22% in 2023, reaching 14.35 billion euros by 2023. This recovery marks a strong departure from the negative trend observed before 2021.
Future trends are expected to maintain strong positive growth, with forecasts predicting a GVA reaching 37.08 billion euros by 2028. A key indicator to watch is the 5-year compound annual growth rate (CAGR), which stands at 14.32%, suggesting continued robust expansion in the upcoming years.
- 2013–2020: Substantial fluctuations with a general downtrend
- 2021–2023: Strong recovery with high growth rates
- Forecast 2024–2028: Sustained positive growth with a 5-year CAGR of 14.32%
Future trends to watch for include shifts in regulatory policies, technological advancements in mining techniques, and global commodity price fluctuations, which could significantly impact the sector's performance.
