Italy's lubricants imports, expressed in thousands of tonnes of oil equivalent, are forecasted to grow from 394.96 in 2024 to 430.86 by 2028. Compared to a 2023 value of approximately 385.48, these figures signal a steady upward trend. Year-on-year growth is projected to vary, with an average annual growth rate (CAGR) of around 2.2% over the five-year forecast period up to 2028.
Future Trends to Watch:
- Rising demand from industrial sectors as Italy continues to expand its manufacturing base.
- Potential impacts of global oil price fluctuations on import volumes and costs.
- Sustainability initiatives and the shift towards eco-friendly lubricants could influence future import strategies and volumes.