The data reveals a fluctuating trend in the import of Electrical and Electronic Equipment to Italy over the past decade. In 2023, imports stood at 38.573 billion USD, showing a continuous yearly increase since 2020's dip. The year-on-year variation was 1.05% in 2023, reflecting a stabilization in imports.
- From 2013 to 2018, growth was mixed, with significant dips and rises, peaking at 37.818 billion USD in 2018.- A decline occurred in 2019 and 2020 due to various market conditions, but a notable rebound was evident with a 21.83% rise in 2021.- The Compound Annual Growth Rate (CAGR) over the last five years (2024-2028) is forecasted at 0.84%, suggesting moderate growth in the coming years.
Looking ahead, the forecasted data up to 2028 indicates a steady increase in imports, reaching 40.672 billion USD by 2028 with a five-year growth rate of 4.25%. Future trends to watch include technological advancements, global supply chain stability, and economic conditions which could significantly impact the import volumes.