The forecast for the import of non-petroleum based lubricating oil to Italy from 2024 to 2028 shows a steady growth in volume. From 2024 to 2025, the import volume is expected to increase by approximately 0.8%, followed by similar increments leading to a cumulative growth rate of around 3.2% by 2028. The compound annual growth rate (CAGR) over this five-year period is anticipated to be about 0.8% per annum. In comparison, the 2023 volume stood at 22.000 million kilograms, indicating a consistent upward trend over the projected years.

Trends to watch for:

Growing emphasis on sustainability might drive higher demand for non-petroleum based options.
Technological advancements in biodegradable lubricants can influence market dynamics.
Economic and regulatory policies in the EU could significantly impact the import patterns and volumes.