The forecast for the sold production of grey iron castings for machinery and mechanical appliances, excluding piston engines, in Italy shows a gradual decline from 2024 to 2028. Starting at 378.63 thousand kilograms in 2024, this figure is expected to decrease slightly each year, ending at 376.04 thousand kilograms in 2028. This represents a close to stable year-on-year decline, with minimal annual contraction in production volume.
The 2023 historical data stands at a slightly higher level, which indicates that the industry has been experiencing a mild downward trend. The compounded annual growth rate (CAGR) over the five-year forecast, from 2024 to 2028, confirms a modest decreasing trend.
Future trends to watch for include shifts in technology and manufacturing processes in Italy's machinery sector, the impact of environmental regulations, and international competitive pressures which may alter this trajectory in grey iron casting demand.
