The forecasted data for Italy's metal ores domestic material consumption shows a consistent decline from 2024 to 2028. In 2023, the consumption stood at 15.37 million metric tons. The year-on-year percentage changes indicate a gradual decrease of approximately 0.7% per year from 2024 onwards. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately -0.7%, suggesting a consistent downward trend.
Future trends to watch for include:
- Potential impacts from economic policies aimed at reducing dependency on raw metal ores imports to foster recycling and reuse.
- Technological advancements in material efficiency which may further drive down consumption.
- Environmental regulations promoting sustainable practices in industries using metal ores.