The forecast for the import of seamless casing, tubing, and drill pipe used in oil and gas drilling suggests a consistent decline in volume for Italy from 2024 onwards. After standing at a volume of approximately 16 million kilograms in 2023, the forecast reveals a drop to 15.02 million kilograms in 2024. This downtrend proceeds with year-on-year decreases of 9.3% by 2025 and continues with a compound annual growth rate (CAGR) of approximately -10.4% from 2024 to 2028.
Future trends to watch for include potential impacts from technological innovations in renewable energy, which could further diminish demand for oil and gas drilling equipment. Additionally, global environmental policies aiming at reducing carbon footprints might influence import volumes and industry dynamics.
