Italy's industrial sand and gravel production showed a steady increase from 13.87 million metric tons in 2013 to 15.11 million metric tons in 2023, showing resilience despite a significant dip in 2020. The average yearly growth rate (CAGR) over the last five years stood at 0.9%, reflecting a moderate upward trend.
Year-over-year variations highlight significant fluctuations, particularly the 16.23% drop in 2020 due to likely global disruptions, followed by a robust recovery with a 21.56% rise in 2021. The growth rate stabilized around 0.85% and 0.88% for 2022 and 2023 respectively, indicating consistent market performance.
Looking forward, the forecasted five-year CAGR is 0.68%, suggesting a steady, albeit slower, growth trajectory. Production is expected to reach approximately 15.77 million metric tons by 2028, representing an overall growth rate of 3.44% from 2023.
Future trends to watch for include potential impacts of environmental regulations, technological advancements in extraction methods, and global market demands which could influence Italy’s production landscape.
