Throughout the years, the construction sector in Italy has shown variability in the consumption of natural gas. In 2023, the sector consumed 444.53 thousand tonnes of oil equivalent, marking an 8.33% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the past five years leading up to 2023 stood at 15.6%, indicating significant volatility, primarily driven by the exceptional spike in 2021. From 2024 onwards, the consumption trend is forecasted to grow steadily, with a projected CAGR of 4.99% over the next five years, culminating in a 27.56% overall growth rate by 2028.
Future Trends to Watch For:
Key trends to monitor include the potential impact of sustainability initiatives on natural gas consumption, technological advancements in energy efficiency within the construction sector, and the broader economic factors influencing construction activity in Italy.