The mining and quarrying sector in Italy, expressed in billion euros, showed a fluctuating trend over the past decade. From 2013 to 2020, the industry experienced several declines, significantly impacted in 2016 and 2020 with a drop of 15.51% and 17.85%, respectively. However, there was a remarkable recovery starting in 2021 with a staggering 39.83% increase, followed by a 56.4% growth in 2022. By 2023, the industry stood at 15.93 billion euros. The past five years saw a compound annual growth rate (CAGR) of about 10.88%.
Looking forward, the forecast suggests a more stable growth with future values gradually rising. The forecasted data indicates a 0.72% CAGR from 2023 to 2028, predicting the output to reach 16.67 billion euros by 2028.
Future trends to watch for:
- Technological advancements influencing operational efficiencies.
- Sustainable mining practices and regulatory impacts.
- Global demand fluctuations affecting the sector.
- Economic recovery and investment in infrastructure projects.
