Reviewing historical data from 2013 to 2023, production consistently increased with some fluctuations. Significant downturns occurred in 2014 (-8.47%) and 2020 (-20.45%) with notable recoveries in subsequent years. The compound annual growth rate (CAGR) over the past five years was a modest 1.33%. Production is forecasted to grow steadily, reaching 622.5 million EUR by 2028, though at a slower CAGR of 0.62%.
Future Trends to Watch
Future trends to watch include the impact of sustainability initiatives, potential technological advancements in production processes, and fluctuations in global commodity prices. These factors will influence production costs and output levels in the sector.
