In 2023, Italy's import of refractory cements, mortars, and concretes stood at an actual figure preceding the forecasted data. For 2024 through 2028, the import is expected to increase steadily, starting at 98.832 million USD in 2024 and reaching 105.5 million USD by 2028. This denotes a year-on-year percentage increase, reflecting modest growth over five years. The compound annual growth rate (CAGR) over this period suggests a gradual but consistent increase in import values.
Future trends to watch for include:
- Potential changes in construction and manufacturing activities in Italy, which could impact demand for refractory materials.
- Currency fluctuations and trade policies that might influence import costs and quantities.
- Technological advancements in refractory material applications, possibly affecting market demand.