In 2023, Italy's import of lubricating oil additives with petroleum or bitumen oil stood at an approximate value, and the forecast from 2024 onward suggests a steady increase. From 2024 to 2028, an upward trend is expected with modest year-on-year growth ranging around the 1.70% to 1.80% mark each year. The compounded annual growth rate (CAGR) over this five-year forecast period is approximately 1.75%, indicating a consistent upward momentum in import value.
Future trends to watch for include potential shifts in global oil prices, which could impact the cost and volume of imports, changes in environmental regulations affecting lubricating oil formulations, and technological advancements that may alter demand dynamics within Italy’s automotive and industrial sectors.
