The Stone, Sand, and Clay Quarrying sector in Italy experienced a consistent decline in total hours worked from 2013 to 2023, starting from 20.327 million hours in 2013 and culminating at 14.884 million hours in 2023. Year-on-year variations reveal significant dips, notably a steep 13.43% reduction in 2020 likely due to the pandemic impact, followed by a slight recovery in 2021. The overall trend signifies a persistent downtrend over the past decade, with year-on-year declines and a five-year CAGR reflecting an average annual reduction of around 2.83% by 2023.
Going forward, the forecast data from 2024 to 2028 indicates a continuing downward trajectory in hours worked, from 14.163 million hours in 2024 to 11.411 million hours by 2028. The anticipated five-year CAGR estimates a further contraction rate of approximately 4.23%, signaling a notable industry contraction. Additionally, a total decrease of 19.43% in workforce hours is expected over the next five years.
Future trends to watch for include potential impacts of technological advancements in quarrying operations, regulatory changes influencing labor requirements, and the global economic environment affecting demand and production levels within the industry.
