The volume of imports of hydrogen, argon, rare gases, nitrogen, and oxygen to Italy saw considerable fluctuations over the past decade. From a peak of 55.394 million cubic meters in 2021, the market experienced declines, reaching 37.471 million cubic meters in 2023, marking a 1.8% increase compared to the prior year. The consistent year-on-year variations reveal a complex market, characterized by sharp increases and decreases, with a reported CAGR of -0.45% over the past five years.
Looking into the future, the forecasted data reflect a gradual decline in import volumes, with a forecasted CAGR of -1.24% over the next five years, projecting the volume to fall to 34.659 million cubic meters by 2028. It is important to monitor:
- The impact of economic policies and regulations on gas importation.
- Evolving technological advancements in gas production and storage within Italy.
- Changes in industrial demand driven by shifts in Italian manufacturing and other sectors reliant on these gases.
