The production of industrial gases in Italy has exhibited substantial fluctuations over the past decade. From a peak of 9.6837 billion cubic meters in 2013, production saw significant declines, particularly notable in the years following 2013 and again after 2017. The most recent actual recorded value in 2023 stands at 4.7656 billion cubic meters, marking a 5.65% drop from the previous year. This annual decrease reflects a sustained downtrend observed over the last five years, with a compound annual growth rate (CAGR) of -1.29%. For instance, from 2018 to 2023, the average annual decrease was measured, indicating a persistently declining industry.
Yearly variations consistently show sharp declines and brief recoveries, suggesting instability. For example, a significant rise in 2017 (56.68%) was followed by a notable drop in 2018 (43.47%). The overall trend from 2013 to 2023 is a clear decline, characterized by an average negative growth in the production volume, reflecting challenges or structural changes within the industry.
Looking ahead, the forecast for 2024 to 2028 predicts continued contraction in production, with an expected value of 3.3822 billion cubic meters in 2028. The projected 5-year CAGR is anticipated to be -5.48%, signifying a further 24.56% reduction over this period. Future trends to watch include potential advancements in industrial processes, shifts in demand from sectors relying on industrial gases, and regulatory or environmental policies that might impact production methods and volumes.
