In 2023, Italy's import of veneer or ply sheet of tropical woods stood at approximately 38.5 million USD. Based on forecasted data, there's a noticeable downward trend in imports from 2024 to 2028.
Analyzing year-on-year changes:
- 2024: Expected value at 36.023 million USD, a decline of around 6.44% from 2023.
- 2025: Forecasted to be 34.098 million USD, decreasing by 5.34%.
- 2026: Predicted at 32.212 million USD, a decline of 5.54%.
- 2027: Anticipated to reach 30.363 million USD, dropping 5.75%.
- 2028: Estimated at 28.552 million USD, a fall of 5.97%.
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) signifies an average annual decrease of approximately 5.84%.
Future trends to watch include potential changes in global demand for sustainable materials that could affect import levels. Additionally, Italy's economic performance and trade regulations may further influence the import of tropical woods.
