The turnover in the Manufacture of Structural Metal Products sector in Italy has demonstrated considerable fluctuations over the years. From 2013 to 2019, there were mixed trends with occasional rebounds, such as in 2017 and 2018. However, since 2020, the sector has shown a consistent decline, with a marked year-on-year decrease observed each year from 2019 to 2023, aligning with a downturn trend in the Italian manufacturing landscape.
With the sector standing at 17.1 billion Euros in 2023, forecasted figures indicate a continued decline in turnover through 2028, with a compound annual growth rate (CAGR) of -2.16% and an overall decline of 10.34% over the next five years. This reflects ongoing challenges within the sector, including economic uncertainties and potential structural issues.
Future trends to watch for include:
- The impact of technological advancements and automation on efficiency and cost structures within the sector.
- Potential shifts in global and domestic demand for structural metal products driven by infrastructure and construction projects.
- Government policies and economic stimuli affecting the manufacturing sector and their potential to arrest the declining trend.
