In 2023, the sold production of woven fabrics of glass fibre in Italy stood at approximately 28.471 million kilograms. From 2013 to 2023, the sector has seen significant fluctuations. Key points include a substantial dip in 2016 followed by a remarkable growth in 2017. From 2018 onwards, a general downtrend is observed until 2021 when a notable increase is seen again. However, 2022 saw a slight decline before a minor recovery in 2023. The year 2023 highlights a modest year-on-year increase of 3.14% with an average annual growth rate (CAGR) of 1.82% over the last five years.
Looking ahead from 2024 to 2028, the forecast indicates a slow but steady growth trajectory for the sold production of woven fabrics of glass fibre in Italy. The projected five-year CAGR is 2.19%, culminating in an 11.42% overall growth by 2028. Future trends to monitor include advancements in manufacturing technologies, sustainability initiatives, and shifts in market demand influencing the sector's growth throughout the forecast period.
