Forecast: Re-Import of Petroleum Based Lubricanting Oil to Italy

The re-import of petroleum-based lubricating oil to Italy is expected to increase steadily from 2024 with values of 6.35 thousand kilograms, reaching 7.89 thousand kilograms by 2028. This represents consistent year-on-year growth, with percentages around 6.1% annually. In 2023, the re-import value stood at 5.98 thousand kilograms.

The compound annual growth rate (CAGR) for the five-year period suggests an average growth of approximately 5.7% per year. This upward trend indicates robust demand or potentially new market opportunities emerging in Italy.

Future trends to watch for:

  • Technological advancements in lubricant formulations potentially altering demand patterns.
  • Environmental policies influencing the market dynamics of petroleum-based products.
  • Global oil price fluctuations impacting the cost and re-import activities.

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