The forecast for White Spirit transformation output in Italy shows a marginal decrease from 2.74 to 2.72 thousand tonnes of oil equivalent from 2024 to 2028. This indicates a stable market with a slight downward trend. As of 2023, the output stood at 2.75, demonstrating slight year-on-year declines of approximately 0.36% annually on average. The CAGR over the five-year period projects a small decrease, when compared to 2023 numbers.
Future trends to watch for:
- Potential policy changes impacting production or regulation
- Advancements in alternatives or substitutes could influence demand
- Economic shifts in Europe which might alter production or consumption patterns
