The production value in the mining and quarrying sector in Italy exhibited a substantial decline from €47.95 billion in 2013 to €6.34 billion in 2023, a drop of roughly 87%. The sector experienced a sharp decrease, particularly noticeable between 2013 and 2017, where production plunged dramatically. From 2017 onwards, production values stabilized at significantly lower levels but continued to decline at a slower rate through 2023. The year 2023 saw a year-on-year decline of 4.14%, indicating ongoing contraction.

Over the last two years (2022-2023), production decreased steadily by approximately 4.14%. The Compound Annual Growth Rate (CAGR) over the last 5 years (2018-2023) reveals an average annual reduction of 5.69%, indicating persistent downward momentum.

Future trends to watch for:

Sustainability initiatives could affect mineral extraction practices.
Technological advancements may change operational efficiencies and output levels.
Global economic conditions and regulatory changes could alter market dynamics.