The sold production of wire rod used for concrete reinforcing in Italy is projected to grow significantly from 2024 to 2028. In 2023, actual production stood below the forecasted 2024 value of 970.6 million euros, indicating a steadily increasing trend. Year-on-year, production is expected to rise by 12.8% in 2025, 11.2% in 2026, 10.0% in 2027, and 9.0% in 2028. The compound annual growth rate (CAGR) for this period is anticipated to be approximately 10.6%.
Future trends to watch for:
- Influence of infrastructure projects on demand
- Potential impact of economic fluctuations on construction activities
- Technological advancements in wire rod production