The exports of fossil fuels from Italy have shown fluctuating trends over the past decade. The values were recorded as 36.17 million metric tons in 2013, dipping slightly in the following years until a significant rise in 2015. The export value continued to increase, peaking in 2017 at 44.93 million metric tons. The trend then exhibited a slight decline in 2018, followed by a steady decrease until 2020. From 2021 onwards, there was a minor yet consistent upward trend, with 2023 witnessing a moderate year-on-year growth of 0.74%, reaching 43.71 million metric tons. The five-year CAGR from 2018 to 2023 was -0.018%.
Looking ahead, the forecasts show a continuous, albeit modest, increase in fossil fuel exports, with an anticipated CAGR of 0.59% over the next five years. By 2028, the exports are projected to reach 45.38 million metric tons, signifying a 3% growth over five years.
Future trends to watch for:
- Technological advancements in fossil fuel extraction and processing which could affect export volumes.
- Global shifts towards renewable energy sources that may impact the demand for fossil fuels.
- Italy's energy policies and international agreements on climate change that might influence export levels.
