Based on the provided data, the cutting, shaping, and finishing of stone turnover in Italy saw an actual turnover of 2.85 billion Euros in 2023. Forecasted data indicates a negative trend over the coming years with the turnover expected to decrease to 2.64 billion Euros in 2024, 2.42 billion Euros in 2025, 2.21 billion Euros in 2026, 2.0 billion Euros in 2027, and finally 1.79 billion Euros in 2028.
Key observations:
- The year-on-year variation from 2023 to 2024 is expected to be -7.37%.
- From 2024 to 2025, the turnover is expected to decrease by -8.33%.
- The year-on-year decline continues with a -8.68% drop from 2025 to 2026.
- From 2026 to 2027, the expected turnover decrease is -9.50%.
- Finally, from 2027 to 2028, the anticipated decline is -10.50%.
- The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -9.11%.
Future trends to watch for include technological advancements in stone processing, economic factors affecting construction demand, and potential shifts towards sustainable materials, which may further impact turnover in the stone cutting, shaping, and finishing industry in Italy.
