The import of Technically Specified Natural Rubber (TSNR) to Italy is projected to witness a steady increase from 114.96 million kilograms in 2024 to 128.34 million kilograms in 2028. Over the years, the year-on-year growth rates from 2024 to 2028 are projected to be 3.0%, 2.9%, 2.7%, and 2.6%, respectively. Reflecting on the past, the Compound Annual Growth Rate (CAGR) for the forecast period is approximately 2.8%, standing evident to a consistent increase in imports following historical trends from 2023.
Future trends to watch for:
- Global demand fluctuations affecting rubber prices and imports.
- Technological advancements influencing the production and consumption of TSNR.
- Economic and trade policies impacting Italy's trading partners in natural rubber.