Key Market Indicators
Italian Aromatics Import is projected to climb to approximately $7.8 million by 2028, up from about $7 million in 2023. This marks an average annual growth rate of 1.8%. The demand for aromatics in Italy has been on a steady rise, growing by 3.5% annually since 1999. In stark contrast, Italian Aromatics Export saw a dramatic decline. Exports plummeted to around $287,000 in 2018, a steep drop from roughly $715,000 in 2017, representing a 59.9% decrease year over year. Since 1999, the supply of Italian aromatics for export has been consistently falling, with an average annual decline of 30.8%.
