The forecasted trade balance for Italy's non-ferrous metals from 2024 to 2028 remains stable at 2.47 million metric tons. This consistency indicates a steady state with no significant anticipated year-on-year variations. The actual trade balance value for 2023 was also 2.47 million metric tons, confirming no growth or decline over the forecast period or from the prior year, thus reflecting a 0% compound annual growth rate (CAGR) between 2023 and 2028.
Future trends to watch for:
- Economic shifts or policy changes impacting industrial demand or production capacity.
- Global supply chain disruptions affecting the availability and cost of raw materials.
- Technological advancements leading to lower production costs or alternative materials.
- Environmental regulations influencing production practices and trade dynamics.