The market for unwrought unalloyed refined copper in Italy has experienced a declining trend from 2013 to 2023, with only intermittent increases. As of 2023, the market stood at 3.6197 billion Euros. Over the last two years, the market saw a decline of 0.84% in 2023 following a marginal increase of 0.45% in 2022. The average annual decline rate (CAGR) for the past five years was approximately -2.72%.
Looking at future trends from 2024 onwards, forecasts indicate a continuation of the decline, with a CAGR of -2.65% expected over the next five years, leading to an overall decrease of 12.57% by 2028.
Future trends to keep an eye on include:
- The impact of global copper supply disruptions and price changes
- Technological advancements in recycling and alternative materials
- Policy changes influencing the industrial demand for copper in Italy
