Over the period from 2013 to 2023, the pumice stone market in Italy has shown fluctuating trends. From 2013 to 2014, the market increased, followed by a sharp decline in 2015. The period from 2016 to 2019 saw a gradual decline in market value. The market experienced a significant drop in 2020, presumably due to external factors like the COVID-19 pandemic. The subsequent years showed partial recovery but continued on a downward trend through 2023, where the market stands at 5.6883 million USD.
Year-on-year trends in 2022 and 2023 show minor declines of -2.97% and -3.00% respectively. The compound annual growth rate (CAGR) over the last five years indicates an average annual decrease of -2.69%. Forecasts for 2024 to 2028 predict a continued decline, with an estimated CAGR of -2.79% and an overall reduction of -13.21% in market value.
Future trends to watch for:
- Impact of sustainability practices and eco-friendly alternatives on market demand.
- Technological advancements in pumice stone extraction and processing.
- Market responses to changes in construction and beauty industries, key consumers of pumice stone.
- Economic factors and their influence on discretionary spending impacting pumice stone demand.