The forecasted import of benzene to Italy from 2024 to 2028 shows a gradual decline in volume. In 2023, the actual import volume was higher than the projected 210.14 million kilograms in 2024. Subsequently, there's a slight year-on-year decrease observed through the period, with the import volume decreasing to 207.86 million kilograms by 2028. This represents a negative cumulative annual growth rate over the next five years, confirming a steady decline trend.
Future trends to watch for:
- Changes in global benzene demand and supply dynamics due to evolving chemical and petrochemical industry needs.
- Potential impact of environmental regulations and sustainability initiatives on benzene imports.
- Fluctuating oil prices that might affect production costs and market stability.
- Technological advancements in the substitution and recycling of benzene.
