The Gross Value Added (GVA) per employee in the Basic Iron, Steel, and Ferro-Alloys industry in Italy shows a forecasted growth from 2024 onwards, reaching a value of 112.0 thousand euros by 2028. The average compound annual growth rate (CAGR) over the five forecasted years from 2024 to 2028 is approximately 1.6% per annum, indicating a steady increase in productivity within the industry.
Key Trends:
- Consistent year-on-year growth in GVA per employee, reflecting potential efficiency improvements or higher value generation within the sector.
- Predictable and stable increase, suggesting well-managed industry factors and possibly favorable market conditions.
Future Trends to Watch:
- The impact of technological advancements and automation on labor productivity and cost efficiency in the industry.
- Potential influence of global market dynamics and trade agreements on the Italian steel and alloys sector.
- Sustainability initiatives and their effects on production processes and value addition.
