In 2023, the re-import value of lac, natural gums, resins, gum-resins, and balsams to Italy stood at $37.57 thousand USD. Starting from 2024, the forecast indicates a decline over the coming years with values decreasing from $37.57 thousand USD in 2024 to $21.73 thousand USD by 2028. This illustrates a consistent downward trend in re-import values across the forecasted period.
Year-on-year, there is an observable decline, reflecting a contraction in market demand or shifts in supply chain dynamics. Specifically, from 2024 to 2025, there is a decline of about 10.86%, followed by further reductions of 11.94% from 2025 to 2026, 13.28% from 2026 to 2027, and 15.06% from 2027 to 2028. The compounded annual growth rate (CAGR) over the 2024-2028 period depicts an average annual contraction of approximately 11.88%.
Future trends to watch for include potential shifts in global supply and demand, the impact of alternative materials, and regulatory changes affecting imports. Economic factors and trade relationships might also affect re-import dynamics beyond the forecast period.
