The precious metals and non-ferrous metals manufacturing production value in Italy witnessed several fluctuations between 2013 and 2023. The value experienced a decline in 2014 and 2016 but generally showed an upward trajectory. Significant growth was noted in 2017 and 2018, followed by a peak in 2019. There was a dip in 2020 due to global disruptions but a recovery trend ensued by 2022. In 2023, the production value stood at 16.1 Billion Euros, showing a modest year-on-year increase of 1.67% with a five-year CAGR of 0.16%.
Future forecasts predict a steady rise in the production value, with the expected value to reach 17.38 Billion Euros in 2028. The forecasted five-year CAGR is 1.22%, indicating stable growth. Factors influencing future trends include:
- Technological advancements in manufacturing processes.
- Shifts in global demand and supply dynamics.
- Environmental regulations and sustainability initiatives.
- Economic recovery post global disruptions.