The Italian manufacture of cement, lime, and plaster sector has experienced fluctuating trends from 2013 to 2023, with production value standing at 2.02 billion Euros in 2023. The sector saw a significant decline from 2013 to 2016, followed by a modest recovery from 2017 to 2019. However, starting in 2020, production values have trended downward again, with a compound annual growth rate (CAGR) of -5.28% from 2018 to 2023.
Year-over-year variations for the past two years show a continued decrease:
- -4.98% in 2022
- -5.19% in 2023
Key trends to watch for include:
- Shifts towards alternative construction materials reducing demand for traditional cement, lime, and plaster.
- Technological advancements and increases in sustainability practices within production processes.
- Impact of economic conditions and infrastructure spending on the sector.