The export volume of articles of precious, semi-precious, and artificial stones from Italy has shown a declining trend from 2013 until 2023. In 2023, the export volume stood at 10.91 thousand kilograms, a decrease of 2.97% from the previous year. Over the last two years, the YoY variation has been negative, with a slight recovery observed in 2021. The 5-year average CAGR ending in 2023 is nearly flat at -0.48%, indicating a relatively stable yet downward trend over the recent period.
Looking forward, the forecast for 2024-2028 continues to anticipate a decline. By 2028, the export volume is expected to fall to 9.17 thousand kilograms, representing a forecasted 5-year CAGR of -2.77%. This forecasts a cumulative decline of around 13.09% over the next five years.
Future trends to watch for include global economic recovery, market demand for luxury and decorative stones, and innovations in artificial stones that may influence demand and Italian export volumes. Additionally, geopolitical factors and trade policies will also play a significant role in shaping this market.
