The forecast indicates a steady year-on-year increase in Italy's import of petroleum resins, polyterpenes, and polysulphides from $424.75 million in 2024 to $454.1 million by 2028. In 2023, the actual value of imports stood at approximately $417 million. The trend reveals a consistent annual growth rate, with a CAGR of around 1.7% over the five-year period starting from 2024.
Future trends to watch for include:
- The impact of global economic conditions on raw material prices and subsequently on import costs.
- Technological advancements that may influence the production efficiency and demand in associated industries.
- Regulatory changes regarding environmental standards and their effect on synthetic resin demand and composition.