The sold production of metal furniture in Italy reached 46.974 million kilograms in 2023, showing a year-on-year decrease of 2.94%. Over the last two years, the variation has been negative, while over the last five years, the average variation per year (CAGR) was -1.98%, indicating a declining trend.
Up until 2017, the market experienced great volatility, with some significant peaks and drops year-on-year. However, from 2018 onwards, the trend has been predominantly downward, with the sharpest decline observed in 2021 (-39.48%). In the subsequent years, the production showed minor fluctuations but continued to trend downward.
Forecasts indicate a continued decrease in production, with values projected to decline to 40.065 million kilograms by 2028, reflecting a forecasted 5-year CAGR of -2.54% and an overall forecasted growth rate of -12.07%.
Future trends to watch for include technological advancements, changes in consumer preferences, and potential market consolidation. Monitoring these factors may provide insights into opportunities for market stabilization or growth.
