In 2023, the import of Isobutene-Isoprene (Butyl) Rubber (IIR) to Italy was approximately $14.83 million. Forecasted data from 2024 to 2028 indicate a downward trend, decreasing from $14.29 million in 2024 to $12.148 million in 2028. The year-on-year percentage variation reveals a consistent decline, with 2025 forecasted at -3.86%, 2026 at -3.94%, 2027 at -4.01%, and 2028 at -4.10%. The Compound Annual Growth Rate (CAGR) for 2024-2028 stands at around -4.06%.
Future trends to watch include:
- Changes in global or regional rubber production and supply chain dynamics.
- Evolving regulatory standards impacting rubber imports and sustainability criteria.
- Technological advancements in rubber alternatives that might affect demand.
- Macro-economic factors influencing trade relations and currency fluctuations.