The turnover for Precious Metals and Non-Ferrous Metals Manufacturing in Italy has experienced notable fluctuations over the past decade. From 2013 to 2023, the value fluctuated, peaking in 2019 at €16.88 billion and reaching a low in 2021 at €15.17 billion. The year-on-year variations reflect a dynamic market with factors such as the economic environment and demand for metals contributing to the shifts. The CAGR over the last five years stands at -0.58%, indicating a slight decline.
In 2023, the turnover reached €15.54 billion, showing a modest recovery. Forecasts for the next five years suggest a gradual upward trend, with an estimated CAGR of 0.88%, indicating a steady recovery and growth trend with a forecasted growth rate of 4.5% by 2028.
Future trends to watch for include advancements in green technologies and renewable energy, which could drive demand for non-ferrous metals. Additionally, economic policies and global market dynamics will play crucial roles in shaping the industry's performance.