The forecast for Italy’s import of casing, tubing, and drill pipes used in oil or gas drilling shows a steady increase from the baseline value observed in 2023. Starting from 6.4445 million kilograms in 2024, the volume is projected to rise annually, reaching 7.9543 million kilograms by 2028. This growth trend indicates an average annual increase, known as CAGR (Compound Annual Growth Rate), over the five-year forecast period.

Future trends to watch for include:

Technological advancements in drilling equipment that may impact import volumes.
Fluctuations in global oil prices affecting the demand for drilling-related imports.
Italy’s domestic energy policy shifts towards renewable energy potentially influencing the import requirements for oil and gas drilling equipment.