Between 2013 and 2023, the domestic material consumption of marble, granite, sandstone, porphyry, and basalt in Italy displayed significant fluctuations. Starting at 17.83 million metric tons in 2013, consumption dropped sharply by 33.15% in 2014. Following this, year-on-year variations showed sporadic growth, with notable peaks in 2018 (19.63%) and 2019 (23.84%). Consumption peaked at 25.63 million metric tons in 2020 before stabilizing around 24.37 million metric tons in 2023. Over the last five years, the compound annual growth rate (CAGR) stands at 4.73%, illustrating consistent market recovery and growth.
Future Trends to Watch For:
- Market growth is forecasted to continue with a projected CAGR of 1.92% from 2024 to 2028, approaching 27.5 million metric tons by 2028.
- Attention should be given to potential market drivers such as construction and real estate developments in Italy.
- Monitoring the impact of technological advancements and sustainable practices on the extraction and processing of these materials could provide further insight into market trends.