The import of corks and stoppers for sparkling wine, made from agglomerated cork, to Italy is forecasted to steadily rise from 2024 to 2028, reaching 8.8251 million kilograms. The year-on-year percentage increase is consistent, suggesting steady demand growth. In 2023, the import volume stood just below the forecast for 2024, indicating a continued expansion trend. The Compound Annual Growth Rate (CAGR) over the next five years shows a moderate increase, re-affirming the positive outlook.
Future trends to watch for include:
- Fluctuations in global cork supply and pricing, which may impact import volumes.
- Changes in consumer preferences towards alternative closures that could influence cork demand.
- Italy’s sparkling wine production and export figures, which drive cork imports.