The forecasted data for the sold production of rigid tubes, pipes, and hoses of polymers of vinyl chloride in Italy indicates a consistent year-on-year decline from 2024 to 2028. Starting at 92.314 million kilograms in 2024, it is projected to decrease steadily to 60.134 million kilograms by 2028. Compared to the actual value of this market in 2023, the decline highlights significant industry's contraction.
Key year-on-year percentage decreases are:
- From 2024 to 2025: A decline of approximately 8.86%
- From 2025 to 2026: A decline of approximately 9.61%
- From 2026 to 2027: A decline of approximately 10.53%
- From 2027 to 2028: A decline of approximately 11.67%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is negative, reflecting an industry experiencing consistent contraction, possibly influenced by shifting market dynamics, regulatory changes, or material innovations.
Future trends to monitor include advances in sustainable materials, shifts in construction methodologies, and regulatory policies on polymer use, which may further impact the demand and production of these materials.
