According to the forecasted data, imports of artificial waxes and prepared waxes of polyethylene glycol to Italy are expected to decrease consistently from 2024 to 2028. The year-on-year decline in import volume indicates an average decrease of about 5% annually over this period. This downward trend continues the consistent reduction seen in prior years, showing a compounded annual growth rate (CAGR) of -5.3% from the year 2023 to 2028.
Future trends to watch for:
- Italy's industrial demand changes, potentially driven by sustainability trends.
- Trade policy adjustments affecting import elasticity.
- Innovations in local production technologies that might reduce dependency on imports.