In 2023, Italy imported approximately 5.3 million kilograms of new pneumatic rubber tyres for bicycles. From 2024 to 2028, the forecast shows a steady year-on-year decrease in imports. The volume is expected to drop to around 4.6 million kilograms by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately -2.22% over the five-year period. Annually, the year-on-year percentage decline ranges from about -2.7% to -3%.
Future trends to watch for:
- Potential shifts in consumer preferences towards eco-friendly transportation could stabilize or boost the bicycle tyre market.
- Technological advancements in tyre durability and design may influence import volumes.
- Economic factors such as tariffs or trade agreements with major tyre-producing countries could alter import patterns.