The forecasted import of raw or retted flax fibre to Italy shows a declining trend from 2024 to 2028. Approaching this from a financial perspective, we see a steady decrease in import value from $386,230 in 2024 to $251,940 by 2028 (in thousand US dollars). Between 2024 and 2025, the year-on-year variation reflects a 8.96% decrease, while from 2025 to 2026, a similar downtrend of 9.64% continues. From 2026 to 2027, the fall records a 10.46% reduction, concluding with an 11.45% decrease between 2027 and 2028. Over the five-year forecast, the compound annual growth rate (CAGR) is determined by these consistent declines.
Future trends could be influenced by factors such as global supply chain challenges, shifts in consumer demand towards sustainable materials, and economic conditions impacting Italy's industrial sectors reliant on imported flax fibre. Monitoring the European Union's trade policies and competitive pricing strategies might also provide insights into upcoming market dynamics.
