The export of aircraft parts from Italy saw fluctuations from 2013 to 2023, with values peaking at 3.337 billion USD in 2013 and dipping to a low of 2.5188 billion USD in 2017. By 2023, the export stood at 2.9893 billion USD, marking a minor increase. The Compound Annual Growth Rate (CAGR) between 2013 and 2023 was relatively low, indicating a stagnant market.
Year-on-year variations highlight notable shifts: a sharp decline of 17.47% in 2015 and a recovery trend from 2022 with a 7.02% increase, followed by a continued rise of 1.61% in 2023. The last two years indicate a positive yet modest growth in exports.
Future trends to watch for:
- An average yearly increase of 1.27% is expected from 2024 to 2028.
- Projected continuous growth with a cumulative increase of 6.5% over the next five years by 2028.
- Potential impact of global economic conditions and advancements in aerospace technology on export volumes.