In 2023, Italy's import of monumental or building stone, porphyry, and basalt stood at a higher level than the forecast for 2024 and beyond. Observing the forecasted data, a clear downward trend is anticipated, with imports decreasing from 2024 through 2028. Notably, imports are expected to decline each year at different rates. Specifically, there is a year-on-year decrease of 6.93% from 2024 to 2025, 7.32% from 2025 to 2026, 7.71% from 2026 to 2027, and 8.21% from 2027 to 2028. This represents a compounded annual growth rate reduction from 2024 to 2028.
Future trends to watch for include:
- Potential growth in domestic production and its impact on import volumes.
- Changes in construction demand due to economic conditions or regulations.
- Advancements in alternative materials which may affect the demand for traditional stones.
- Environmental policies influencing the source and quantity of imports.
