The forecast for Italy's crude oil imports from 2024 to 2028 demonstrates a steady decline, starting at 61.28 million tonnes of oil equivalent in 2024 and decreasing to 59.0 million tonnes in 2028. Compared to the previous year, this decline shows a year-on-year decrease of about 1% to 1.5% annually. Since 2023, the trend indicates a consistent downward trajectory with a compound annual growth rate (CAGR) of approximately -1% over the five-year period.
Future trends to watch for include potential shifts in Italy's energy policy toward renewable sources, geopolitical factors affecting global oil supply, and economic conditions that might influence energy consumption patterns. These factors could accelerate or decelerate the decline in oil imports.
