As of 2023, Italy's import of artificial and prepared waxes stood at 73.5 million kilograms. Forecast data indicates a consistent growth pattern, with imports expected to reach 77.083 million kilograms in 2024, marking a year-on-year increase of 4.9%. This trend continues with forecasted values of 81.927 million kilograms in 2025 and 86.723 million kilograms in 2026, representing a steady annual growth rate. By 2028, imports are projected to attain 96.17 million kilograms, which translates to a compound annual growth rate of approximately 5.5% from 2024.
Future trends to watch for include:
- Market demand influenced by advancements in industries utilizing waxes, such as automotive and packaging.
- Potential supply chain disruptions impacting import rates.
- Regulations surrounding synthetic materials affecting production and importation of artificial waxes.
