The production value of electrical equipment and electronics in Italy has exhibited mixed performance over the past decade, with fluctuations noted in its year-on-year changes. Starting from a value of 37.47 billion euros in 2013, there was a general upward trend reaching 39.21 billion euros by 2018. However, after that, a decline was observed, exacerbated during the COVID-19 pandemic, with a significant drop to 35.75 billion euros in 2020. The value recovered slightly in subsequent years but remained relatively flat up to 2023 at 37.09 billion euros.
Year-on-year variations highlight significant fluctuations with the highest decline of 8.17% in 2020 and a peak recovery of 4.42% in 2021. In the last two years, the industry faced slight declines of -0.33% and -0.32%, respectively. The average annual growth over the past five years (CAGR) was -1.11%, indicating a general declining trend.
Future projected values suggest a continued slight decline, reaching 36.5 billion euros by 2028, with an anticipated average annual reduction of 0.25% over the next five years.
Future trends to watch for include:
- The acceleration of the digital transformation in the industry may drive demand for newer, more advanced products.
- Regulations and initiatives aimed at sustainability might lead to increased production of eco-friendly electrical equipment and electronics.
- Supply chain resilience and innovation could become critical factors in shaping the industry's future growth trajectories.
