In 2023, Italy imported 24.4 million kilograms of chromium ores and concentrates. From 2024, forecasts indicate a steady decline in imports: 23.641 million kg in 2024, down to 20.502 million kg by 2028. This reflects a year-on-year percentage decrease as follows: approximately 3.4% from 2024 to 2025, 3.5% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.6% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is negative, at about -3.5% per annum.
Future trends to watch for include:
- Global economic conditions impacting industrial demand.
- Technological advancements in alternative materials reducing chromium dependency.
- Environmental regulations potentially affecting ore sourcing.
- Global trade policies influencing import dynamics.
