Based on the provided forecast data, the sold production of unwrought aluminium in Italy seems to be on a declining trend from 2024 to 2028. The value is predicted to decrease from 1.3437 billion Euros in 2024 to 1.0562 billion Euros in 2028. Given that in 2023 the value stood at approximately 1.4205 billion Euros, this indicates a significant downward trend.
The year-on-year variation shows a decline:
- From 2023 to 2024: -5.4%
- From 2024 to 2025: -5.4%
- From 2025 to 2026: -5.7%
- From 2026 to 2027: -5.96%
- From 2027 to 2028: -6.29%
The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is approximately -5.74% per year.
Future trends to watch for include potential recovery factors such as advancements in aluminium recycling technology, shifts in global trade policies, and technological innovations that may influence production efficiency and cost structures in Italy's aluminium industry.
