The copper market in Italy has shown a consistent decline over the past decade. From 2013 to 2023, the market value dropped steadily from 12.42 billion euros to 7.664 billion euros. The year-on-year variations highlight the volatility within the market, with significant declines observed in 2015 at -12.74% and continuing at -4.28% in 2023. Overall, the compound annual growth rate (CAGR) over the last five years leading up to 2023 was -3.55%.
Looking forward, the forecasted data suggest a continued decline, with the market expected to shrink to 6.0009 billion euros by 2028. The 5-year forecasted CAGR stands at -3.91%, indicating an approximate 18.07% decrease in market size over this period.
Future trends to watch for include technological advancements in copper recycling, potential legislative changes affecting mining and environmental regulations, as well as shifts in demand due to the global transition towards renewable energy and electrification. These factors could influence the market dynamics and potentially stabilize or reverse the downward trend.
