The forecast for the production of tube or pipe fittings of cast-iron in Italy indicates a gradual decline over the next five years from 2024 to 2028. The 2023 production stood at 18.0 million kilograms, showing a consistent decrease in annual production values from 2024 onward. By 2025, the production is expected to fall by 1.23% compared to the previous year. This trend continues, with a year-on-year decline, reaching a total variation of approximately 5% by 2028. The compound annual growth rate (CAGR) over this period is a negative value, indicating a downturn in production levels.
Future trends to watch for include shifts in industrial demand, technological advancements in metallurgy, and potential changes to European Union regulations regarding cast-iron products, which could further influence production rates and industry dynamics in Italy.
