In 2023, the sold production of tube or pipe fittings of non-malleable cast iron in Italy reached 22 million kilograms. The forecasted data suggests a steady growth over the coming years, with a year-on-year increase of approximately 1.8% through 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 1.8% as well, indicating consistent and moderate expansion in production volume.
- 2024: 22.624 million kg (base forecast)
- 2025: An increase to 23.037 million kg
- 2026: Grows to 23.447 million kg
- 2027: Rises to 23.852 million kg
- 2028: Reaches 24.253 million kg
Future trends to watch for include potential impacts of technological advancements in manufacturing, shifts in global demand driven by infrastructure projects, and regulatory changes impacting production standards and materials. Monitoring these factors will be crucial for understanding long-term trends and potential variations in production volumes beyond the current forecast period.
