The Iron and Steel market in Italy has experienced significant fluctuations over the past decade, with notable variations year-on-year. From 2012 to 2016, the market experienced a downward trend, with the value decreasing from 29.423 billion euros in 2012 to 26.941 billion euros in 2016. However, starting in 2017, the market began to recover, reaching 30.746 billion euros in 2019. The year 2020 saw a sharp decline due to the pandemic, dropping to 25.413 billion euros, but the market quickly rebounded in 2021 and 2022, with values of 30.755 billion euros and 30.889 billion euros, respectively. The average compound annual growth rate (CAGR) over the last five years stands at 1.18%, indicating overall growth despite the sharp dip in 2020. As of 2023, the market value remains strong, closely aligning with post-pandemic recovery trends.
Future trends to watch for include advancements in green steel production, policy changes impacting sustainability practices, and global supply chain dynamics. Additionally, the shift towards digitalization and innovation in manufacturing processes may influence market growth and volatility.