The Stone, Sand, and Clay Quarrying sector in Italy has experienced fluctuating turnover figures over the past decade. From 2013 to 2015, the sector saw modest growth, reaching a peak in 2015. However, from 2016 onwards, the turnover started to decline sharply, with 2023 showing a value of 1.66 billion Euros, a significant drop from previous years. The sector faced a continual reduction in turnover, leading to a year-on-year decrease of 5.03% in 2023. The average annual decrease (CAGR) over the last five years was 4.47%. Forecast data from 2024 to 2028 further indicate a continued decline, with a forecasted 5-year CAGR at -4.75% and an anticipated overall reduction of 21.6% by 2028.
Future trends to watch for:
- The impact of environmental regulations on quarrying activities.
- Technological advancements in quarrying and material processing.
- Market demand fluctuations driven by the construction and manufacturing sectors.
- Potential shifts towards sustainable and alternative building materials.