The sold production of synthetic rubber (excluding latex) in Italy has shown varying trends over the past decade. From 2013 to 2023, the annual production ranged from a low of approximately 307.05 million kilograms in 2020 to a high of around 463.38 million kilograms in 2017. As of 2023, the production stood at about 382.36 million kilograms, showing a slight annual increase of 0.9% compared to 2022. Notable fluctuations included a sharp decline in 2018 (-24.75%) and a significant rise in 2017 (31.09%). The cumulative annual growth rate (CAGR) over the last five years from 2018 to 2023 was relatively stable at around 1.86%.
Looking forward, the forecast indicates a moderate yet consistent growth trend for synthetic rubber production in Italy. From 2024 to 2028, the production volume is projected to steadily increase from 385.72 million kilograms to 398.82 million kilograms, reflecting a forecasted five-year CAGR of 0.67% and an overall growth rate of 3.4% during this period.
Future trends to watch for include:
- Technological advancements in synthetic rubber manufacturing.
- Shifts in global demand and supply chains impacting Italy's production capabilities.
- Economic policies and environmental regulations influencing production practices and market dynamics.
