The mining and quarrying sector in Italy is expected to experience a steady decline over the forecasted period 2024-2028. Employment figures are projected to decrease from 18.1 thousand jobs in 2024 to 16.4 thousand by 2028. Compared to the 2023 actual data, there is a consistent downward trend with year-on-year decreases of 2.7% for 2025, 2.3% for 2026, 2.3% for 2027, and 2.4% for 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average yearly decline of approximately 2.42%.
Future trends to watch for include:
- Technological advancements and automation impacting labor demands.
- Environmental policies and regulations influencing sector operations.
- Potential shifts in commodity prices affecting industry profitability and, consequently, employment.
