Based on the data provided, the import of iron ore to Italy is forecasted to decrease consistently from 2024 to 2028. Compared to 2023, where the import volume stood at 5.25 billion kilograms, there is a noticeable downward trend over the forecasted period.
Year-on-year percentage variations show the following trends:
- From 2024 to 2025: a decrease of approximately 10.11%
- From 2025 to 2026: a decrease of approximately 11.05%
- From 2026 to 2027: a decrease of approximately 12.13%
- From 2027 to 2028: a decrease of approximately 13.53%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 averages to a contraction of about 10.55% per year.
Future trends to watch for include potential changes in global iron ore prices, shifts in Italy’s industrial output, and technological advancements in steel production that could affect demand for imported raw materials like iron ore.
