The production value of rubber products manufacturing in Italy exhibited a general upward trend from 2013 to 2023, with a few fluctuations. By 2023, the value stood at €11.03 billion. Year-on-year variations indicate a steady but modest growth, particularly notable from 2017 onward. Over the past two years, the industry experienced positive growth with a 1.67% increase in 2022 and a 1.63% increase in 2023. The 5-year CAGR from 2019 to 2023 was modest at 0.35%, signaling a stable yet slow growth trajectory.
Looking forward, the forecast indicates a gradual increase, with the production value expected to reach €11.88 billion by 2028. The predicted 5-year CAGR is 1.19%, reflecting a consistent, albeit moderate, growth rate of 6.08% cumulatively over the next five years.
Future trends to watch for include:
- Technological advancements in manufacturing processes which could enhance productivity and efficiency.
- Shifts in global supply chains potentially impacting raw material availability and pricing.
- Environmental regulations that may influence production methods and costs.
- Market demand fluctuations driven by automotive and other key consumer sectors.
