In 2023, the import value of parts of steam and vapour turbines to Italy stood as the baseline for comparison. Forecasted data from 2024 to 2028 show a consistent decline in imports, starting at 26.809 million USD in 2024 and decreasing to 13.503 million USD by 2028.
Year-on-year percentage variations highlight a significant contraction, with import values decreasing by approximately:
--12.80% from 2024 to 2025
--14.34% from 2025 to 2026
--16.43% from 2026 to 2027
--19.30% from 2027 to 2028
The compounded annual growth rate (CAGR) demonstrates an average annual decrease of about -14.50% over the five-year period from 2024 to 2028.
Future trends to watch include the potential impact of technological advancements in turbine efficiency, shifts towards renewable energy sources, and the global economic climate which could influence import demand. Strategies to localize production or finding alternative suppliers might also affect future imports.
