In 2023, Italy's import of flat-rolled products of iron or non-alloy steel with a width less than 600 mm (not clad, plated, or coated) stood at a higher level than the forecasted 2024 value of $92.024 million. From 2024 to 2028, a consistent year-on-year decline is observed: -6.1% in 2025, -6.3% in 2026, -6.7% in 2027, and -7.0% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 highlights an average annual decrease of approximately 6.5%.
Future trends to watch for:
- Global economic factors, including steel prices and demand fluctuations, affecting import volumes.
- Policy changes in trade and tariffs that could impact costs and supply chains.
- Technological advancements leading to possible shifts in production and substitution products.
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