In 2023, the employment in the manufacture of structural metal products sector in Italy was at 82.11 thousand full-time equivalents. This sector has experienced a noticeable downward trend from 2013, reflecting consistent declines with few exceptions, such as slight rebounds in 2017 and 2018. Over the past decade, the sector has faced a steady decline, highlighting structural changes within the industry and external economic pressures. Specifically, over the last two years, the sector saw a year-on-year decrease of 4.49% in 2022 and 4.65% in 2023. The compound annual growth rate (CAGR) over the past five years stood at -3.94%, indicating persistent contraction. Looking forward to the forecasted data, employment is expected to continue its downward trend, with the forecasted 5-year CAGR at -4.32%. By 2028, employment is projected to decline by 19.81% from 2024 levels, reaching 62.66 thousand full-time equivalents.
Future trends to watch for include the impact of technological advancements and automation on labor demands, potential economic policies aimed at revitalizing the sector, and developments in sustainable practices within the manufacturing industry. Monitoring these factors will be crucial for understanding the dynamics and potential opportunities in the structural metal products sector in Italy.
