The import of parts and accessories for motor vehicles to Italy witnessed considerable growth from 2013 to 2023. In 2013, the import value was recorded at 6.58 billion USD, increasing steadily through the years, with only 2020 showing a significant decline of -14.79% due to broader economic disruptions. By 2023, the value reached 10.05 billion USD, exhibiting a year-on-year increase of 2.33%. The compound annual growth rate (CAGR) over the past five years (2018-2023) stands at 2.29%. For the coming years, the value is forecasted to continue its upward trend, reaching 11.22 billion USD by 2028, with an expected five-year CAGR of 1.78% and a total growth rate of 9.24% over this period.

Future trends to watch for:

Impact of emerging technologies such as electric vehicles, which may alter the types and volumes of parts and accessories imported.
Global supply chain dynamics and geopolitical shifts impacting trade relations and tariffs.
Overall economic conditions, including inflation and exchange rates, that could influence import costs and volumes.