The import of refractory cements, mortars, concretes, and similar compositions to Italy has demonstrated significant fluctuations between 2013 and 2023, with the volume standing at 103.57 million kilograms in 2023. The highest year-on-year increase was observed in 2021 with a 40.6% rise, followed by a notable decrease in 2020 of 25.37%. Over the last five years, the compound annual growth rate (CAGR) was slightly negative at -1.16%. The forecasted data from 2024 onwards suggest a steady but modest growth, predicting a CAGR of 0.77% over the next five years, with a growth rate of 3.89% by 2028.
Future trends to watch for include:
- The impact of technological advancements in refractory materials, likely influencing demand and import volumes.
- Geopolitical and economic factors, such as trade regulations and global market dynamics, affecting import patterns.
- Sustainability initiatives and the transition to greener alternatives, potentially reshaping the market.