The Merely Cut Granite market in Italy has seen a steady decline from 2013 to 2023, with the per capita value decreasing from $0.89 in 2013 to $0.52 by 2023. Year-on-year changes indicate some fluctuations but an overall downward trend, reflecting a decrease in demand or possible economic factors influencing this market. From 2022 to 2023, the market contracted by approximately 3.7%. The Compound Annual Growth Rate (CAGR) for the last five years stands at about -3.14%, indicating a consistent downward trend in per capita value.
Looking ahead, potential factors to watch that might impact future trends include economic recovery initiatives, shifts in construction technologies and materials, and evolving consumer preferences towards sustainable options which might re-invigorate this sector or cause further declines depending on industry adaptability.
