In 2023, the import volume of artificial and prepared waxes other than polyethylene glycol to Italy is estimated at approximately 62 million kilograms. The forecast from 2024 to 2028 shows a steady increase, starting at 65.023 million kilograms in 2024 and reaching 80.177 million kilograms by 2028. The year-on-year growth rate indicates a consistent upward trend: 5.9% in 2025, 5.52% in 2026, 5.19% in 2027, and 4.88% in 2028. Consequently, the compound annual growth rate (CAGR) over this period stands at 5.22%, suggesting robust growth driven by increased demand.
Future trends to watch for include:
- Potential shifts in global supply chains that could impact availability and pricing.
- Technological advancements leading to new applications and increased demand in various industries.
- Environmental regulations potentially influencing the types of waxes imported.
- Economic factors affecting trade balances or exchange rates, which may alter import dynamics.
