Analyzing the railway passenger traffic in Italy from 2013 to 2023, we observe an overall upward trend interrupted by a significant decline in 2020. The data shows that the passenger traffic fluctuated initially, increasing by 4.27% in 2013, 2.46% in 2014, and 4.58% in 2015. A more steady growth ensued until 2019, followed by a sharp 43.16% decline in 2020 due to the COVID-19 pandemic. Subsequently, the sector rebounded robustly in 2021 with a 72.11% increase and maintained upward growth through 2023, reaching 59.11 Billion Passenger Kilometers.
The Compound Annual Growth Rate (CAGR) over the last five years indicates an average yearly growth rate of 1.27%. The forecasted data from 2024 to 2028 suggests steady growth with a 1.08% CAGR and a 5.53% total growth over the period, indicating confidence in the market's recovery and stability.
Looking forward, trends to watch include urbanization, increased investments in sustainable transportation infrastructure, advances in rail technology, and potential disruptions from pandemics or other global events. Emphasis on green mobility initiatives and technological advancements will likely continue to influence future railway passenger traffic growth in Italy.
