The import of non-monetary gold in unwrought forms to Italy has exhibited a generally downward trend from 2013 to 2023. In 2023, the import volume stood at 54.28 thousand kilograms. Over the last two years, there was a significant decline with a year-on-year variation of -9.8% from 2022 to 2023 and -13.42% from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years (2018-2023) was -10.42%, indicating a consistent reduction in imports.
The forecast data from 2024 to 2028 suggest a continuation of this decline at an accelerated rate, with a forecast 5-year CAGR of -13.21%, leading to a projected volume of 23.65 thousand kilograms in 2028. This represents a forecasted decrease of approximately 50.76% from 2023 to 2028.
Future trends to watch for include potential changes in global and local economic conditions, fluctuations in gold prices, and shifts in demand in response to technological advancements or industry changes. Monitoring these factors will be essential for predicting import levels accurately.
