Forecast: Export of Aircraft Parts from Italy

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.

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