Analyzing the historical data from 2013 to 2023, the non-ferrous metal exports from Italy have shown fluctuations. The growth varied from a high of 15.39% in 2021 to a decline of -6.46% in 2020. In 2023, the exports stood at 2.41 million metric tons with a year-on-year growth of 1.68%. The trend over the last 5 years reveals a CAGR of 2.43%, indicating a moderate but steady increase.
The forecasted data suggests a continued upward trend with a CAGR of 1.23% over the next five years, projecting the exports to reach 2.61 million metric tons by 2028. This indicates a growth rate of 6.28% over this period.
Future trends to watch for:
- Fluctuations in global demand for non-ferrous metals.- Technological advancements in the production of non-ferrous metals.- Influence of geopolitical factors and trade policies on export volumes.- Impact of environmental regulations and sustainability initiatives on the industry.