The forecast for Italy's import of tyre cord fabric made of high tenacity nylon or other polyamide yarn shows a consistent declining trend from 2024 to 2028. Starting from a forecasted value of $10.161 million in 2024, it gradually decreases to $8.3676 million by 2028. The year-on-year percentage variations demonstrate a steady contraction in imports, with the compound annual growth rate (CAGR) indicating an average annual decrease over the period in question.
Future trends to watch for:
- Adverse economic conditions or changes in automotive industry demand could further impact imports.
- The adoption of alternative materials or technologies in tyre manufacturing may influence import volumes.
- Possible trade agreements or tariffs affecting the EU market could alter the import landscape.