The production of non-ferrous metals in Italy has seen varying trends over the past decade. From 2013 to 2023, despite some fluctuations, overall production increased from 18.22 billion Euros to 23.1 billion Euros. Key years of growth include 2017, 2018, and 2021, demonstrating significant year-on-year increases of 10.52%, 5.94%, and 22.76%, respectively. However, 2020 marked a notable decline with a drop of 16.17% attributed to disruptions such as the COVID-19 pandemic.
Recent years, especially 2022 and 2023, have shown moderate yet positive growth with year-on-year increases of 1.82% and 1.75%. The compound annual growth rate (CAGR) for the last five years stood at 1.93%, indicating stable upward progress.
Projections suggest a consistent increase in production through 2028, with an anticipated CAGR of 1.35% over the next five years. Future trends to watch for include technological advancements, adoption of sustainable practices, and shifts in global supply chains impacting the non-ferrous metals market in Italy.
- Technological advancements in production processes
- Adoption of sustainable and eco-friendly practices
- Shifts in global supply chains