The precious metals turnover in Italy witnessed fluctuations between 2013 and 2018, with values ranging from 3.18 to 3.74 billion Euros. From 2019 onwards, the turnover surged significantly, with a notable increase to 6.65 billion Euros in 2023. The year-on-year percentage variations highlight periods of both decline and growth, with the last two years (2022-2023) showing steady growth at around 5%. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) stood at 12.19%, indicating a robust upward trend.
Looking to the forecast from 2024 to 2028, the growth is expected to continue, with a CAGR of 3.39% and a projected overall growth rate of 18.11%. Future trends to watch for include potential market adjustments based on global economic conditions, technological advancements in metal extraction and processing, and shifts in consumer demand or investment behavior in the precious metals market.
