Forecast: Import of Steel Line Pipe of a Kind Used for Oil or Gas Pipelines Not Longitudinally Welded to Italy

In 2023, Italy's import of steel line pipe used for oil or gas pipelines not longitudinally welded was valued at approximately 12 million USD. The forecast for the years from 2024 to 2028 shows a consistent upward trend, with figures progressively increasing each year. Specifically, from 2024 to 2025, the import value is forecasted to grow by approximately 3.2%. Between 2025 and 2026, a 3% rise is expected, followed by an increase of 2.9% from 2026 to 2027. Lastly, from 2027 to 2028, a 2.8% growth is anticipated, resulting in a five-year Compound Annual Growth Rate (CAGR) of around 3.1%.

Future trends to watch for include:

  • The impact of global energy policies on oil and gas exploration activities.
  • Technological advancements in pipeline materials and construction.
  • Potential shifts towards more sustainable energy sources affecting pipeline demand.

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