The sold production of central heating radiators and boilers in Italy has exhibited fluctuations over the past decade. From a peak value in 2015 with a growth of 30.22%, the market saw significant declines in subsequent years. The overall trend from 2013 to 2023 showcases substantial variability, with notable downturns, particularly in 2016 and recent years leading up to 2023. As of 2023, the production stood at 1.5715 million items, with a slight decline noted year-on-year.
Key variations over the last two years reveal slight declines of 0.99% and -1.07% in 2023 and 2022 respectively. The Compound Annual Growth Rate (CAGR) over the last five years declined by 3.11%.
- 2013: -12.46% YoY, -6.9% CAGR
- 2014: -5.09% YoY, -0.74% CAGR
- 2015: 30.22% YoY, 1.55% CAGR
- 2016: -33.14% YoY, -6.63% CAGR
- 2017: 27.44% YoY, -1.61% CAGR
- 2018: 1.18% YoY, 1.28% CAGR
- 2019: -8.76% YoY, 0.48% CAGR
- 2020: -6.16% YoY, -5.89% CAGR
- 2021: 1.79% YoY, 2.36% CAGR
- 2022: -1.07% YoY, -2.69% CAGR
- 2023: -0.99% YoY, -3.11% CAGR
Looking forward, the forecast suggests a continued decline with an annual average decrease of 0.79% over the next five years. This projected trend anticipates the market standing at 1.4955 million items by 2028.
Future trends to watch for include potential market stabilization or recovery influenced by technological advancements, policy changes, and shifts in consumer demand related to energy efficiency and environmental impact.
