The Petroleum and Natural Gas Extraction Support Activities turnover in Italy witnessed significant volatility between 2013 and 2023, with large fluctuations in the early years. The sector experienced a peak in 2014, followed by a gradual and consistent decline, particularly from 2017 onwards. As of 2023, the turnover stands at 292.4 million euros, marking a continuous downward trend. The 5-year CAGR from 2018 to 2023 shows an average annual decrease of 6.02%.

Future trends to watch for include:

Increased focus on renewable energies affecting the petroleum and natural gas sector
Government policies and regulations influencing the industry
Technological advancements possibly reducing extraction costs
Global market dynamics and geopolitical factors impacting demand and supply