In 2023, the import of acrylic acid and its salts to Italy stood at approximately 23.9 million USD. The forecasts indicate a steady decline over the next five years, starting from 23.323 million USD in 2024 to 20.894 million USD by 2028. This represents a year-on-year decline of approximately 2-3% annually and a compound annual growth rate (CAGR) of roughly -2.65% over the five-year period.
Future trends to watch for:
- Potential impact of global economic conditions on demand and import costs.
- Shifts in Italy’s manufacturing sector that may influence the demand for acrylic acid.
- Developments in alternative chemical markets that could affect imports.
- Regulatory changes within the European Union impacting chemical imports and trade policies.