In 2023, Italy's imports of renewables and biofuels stood at an estimated 3 million tonnes of oil equivalent. Forecasts for 2024 predict 3.06 million tonnes, with a year-on-year increase of 1.96%. The trend continues at a similar pace with 3.12 million in 2025 and 3.19 million in 2026, marking respective increases of 1.96% and 2.24%. By 2028, imports are forecasted to reach 3.31 million, indicating a Compound Annual Growth Rate (CAGR) of approximately 1.96% over five years.
Future trends to watch:
- Policy shifts in the EU or Italy promoting sustainable energy usage could accelerate the import pace.
- Technological advancements in renewable energy might influence domestic production versus imports.
- Fluctuation in global energy prices could impact Italy's import strategy.
