The sold production of fibre cement in Italy exhibited several fluctuations from 2013 to 2023. The value peaked shockingly high in 2021 at €397.98 million, followed by a decline to €300.33 million in 2023. Year-on-year variations were significant, with the most remarkable increase of 335.09% in 2021 and a subsequent decrease of 24.42% in 2022. The average year-over-year change for the last five years represented by a compound annual growth rate (CAGR) is 48.2% until 2023.
Looking forward, from 2024 to 2028, the forecast suggests a more stable period with minor decreases yearly, resulting in an anticipated 5-year CAGR of -0.12%. This implies a relatively flat trend, with the sold production value standing at €298.13 million by 2028.
Future trends to watch for include:
- Potential impacts from technological advancements and innovations in construction materials which could affect demand.
- Regulatory changes regarding construction materials, possibly pushing for more eco-friendly alternatives.
- Global economic factors influencing the construction industry and fiber cement market in particular.
- Shifts in building practices and trends towards sustainable architecture.
