In 2023, Italy's imports of new pneumatic tyres of rubber for buses or lorries stood at $540 million USD. Over the forecast period from 2024 to 2028, a steady annual increase is anticipated with imports reaching $561.28 million USD by 2028. This reflects a consistent year-on-year growth, with a moderate average compound annual growth rate (CAGR) over these five years.
Future trends to watch for include:
- Technological advancements in tyre manufacturing that may affect import dynamics.
- Economic fluctuations in key export countries, potentially impacting supply and pricing.
- Increased emphasis on sustainable and eco-friendly tyres influencing demand patterns.
- Regulatory changes in the European transportation sector affecting market needs.