The sold production of iron, steel, and ferro-alloys in Italy has demonstrated fluctuating trends over the past decade. Following a general decline from 2013 to 2015, the market saw modest recoveries and setbacks through 2019. A notable surge occurred in 2021 with an 88% year-on-year increase, followed by a significant drop in 2022. As of 2023, the market experienced a 5% year-on-year increase, standing at 18.323 billion Euros. The five-year CAGR leading up to 2023 was 2.89%, indicating moderate average annual growth.
Looking forward, the forecast data from 2024 to 2028 suggests a steady upward trend with a forecasted five-year CAGR of 1.99% and an overall growth rate of 10.36%. By 2028, the production value is expected to reach 20.773 billion Euros.
Future trends to watch for include:
- Technological advancements in production processes.
- Impact of geopolitical factors on raw material availability and costs.
- Shifts in global demand for iron, steel, and ferro-alloys.
- Sustainability and environmental regulations affecting production practices.
