In 2023, Italy imported 11.520 million kilograms of iron or steel cold-formed leaf-springs and leaves therefor. The forecast for 2024 is 11.763 million kilograms, marking a 2.11% year-over-year increase. Further forecasts indicate continued growth: 2.09% in 2025, 2.03% in 2026, 1.97% in 2027, and 1.90% in 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is projected at approximately 2.02%.
Future trends to watch include:
- Potential shifts in global steel supply that could impact import volumes.
- Technological advancements in vehicle components leading to changes in demand.
- Regulatory changes affecting automotive standards in the EU.
