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.