In 2023, Italy imported 10.2 million kilograms of base metal cored wire for electric arc-welding. Forecast data from 2024 to 2028 shows a steady increase in import volumes, starting at 10.501 million kilograms in 2024 and reaching 11.867 million kilograms by 2028. The year-on-year growth rates from 2024 to 2028 average at approximately 3.1%. Over this five-year period, the compound annual growth rate (CAGR) is about 3.1%.
Future trends to watch for:
- Technological advancements in electric arc-welding techniques could influence the demand for specialized cored wires.
- Potential changes in trade policies and agreements could impact import volumes.
- Sustainability initiatives and environmental regulations may lead to increased demand for more eco-friendly base metals.
