The import of logs of Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau wood to Italy is projected to grow steadily from 51.782 million kilograms in 2024 to 60.209 million kilograms in 2028, according to forecasts. This represents an average annual increase, or compound annual growth rate (CAGR), over this period. The import levels in 2023 were recorded lower, suggesting consistent growth in the market.
The year-on-year growth from 2024 to 2028 indicates a positive trend. Specifically, imports are expected to increase by approximately 4% each year as Italy's demand for these wood logs continues to rise. It highlights a robust market driven by factors like construction and manufacturing needs.
Future trends to watch for include:
- Sustainability practices affecting global hardwood sourcing.
- Italy’s economic shifts impacting import volume.
- Potential policy changes in trade regulations.
