The import of parts of steam and vapor turbines to Italy showed significant fluctuations from 2013 to 2023, starting from 8.4431 million kilograms in 2013 and decreasing to 3.4271 million kilograms in 2023. The volume fluctuated greatly with notable drops in 2014 and 2020, and minor rebounds in the subsequent years. The volume in 2023 was stable compared to the previous two years with a year-on-year decrease of -0.55%.
Over the past five years (2019-2023), the Compound Annual Growth Rate (CAGR) was relatively stable at 0.47%. The forecast data from 2024 to 2028 shows a minimal but steady decline with a forecast CAGR of -0.46%.
Future trends to watch for include technological advancements in turbine efficiency, shifts in global energy policies favoring renewable energy sources, and potential changes in trade regulations impacting the supply chain of turbine parts. These factors could affect both the demand and the import volumes of turbine components in Italy.
