The stone, sand, and clay quarrying turnover in Italy fell from 2.1 billion euros in 2013 to 1.66 billion euros in 2023. The industry faced a consistent decline, particularly notable from 2020 onwards. The year-on-year variation for the last two years showed a drop of 4.83% in 2022 and 5.03% in 2023. The CAGR over the last five years (from 2018 to 2023) was -4.47%. Forecasts indicate a further decrease, with a 5-year forecast CAGR of -4.75%, projecting the turnover down to 1.24 billion euros by 2028.
Key future trends to watch for include:
- Increased automation and digitalization in quarrying operations.
- Growing emphasis on sustainable and eco-friendly quarrying practices.
- Potential impact of regulatory changes on material extraction and environmental compliance.
- Market consolidation due to smaller players exiting or being acquired by larger firms.
