In 2023, the import of petroleum jelly and mineral waxes to Italy stood at an actual value of 67.5 million US dollars. The forecasted data from 2024 to 2028 shows a declining trend, with values decreasing from 66.305 million in 2024 to 61.529 million by 2028. This indicates a year-on-year reduction, with the most notable drop occurring in 2027.

Over the five-year forecast period, the compound annual growth rate (CAGR) suggests a consistent average yearly decline. This downward trend may reflect shifts in domestic consumption patterns, substitution by alternative materials, or broader economic conditions impacting imports.

Future trends to watch include:

Potential changes in domestic energy policies or trade agreements that could affect import volumes.
Technological innovations leading to alternative products that might reduce reliance on traditional petroleum derivatives.
Environmental regulations driving the import market towards more sustainable options.