The import of semi-manufactured forms of platinum, palladium, rhodium, iridium, osmium, and ruthenium to Italy is forecasted to increase consistently from 2024 to 2028. Starting at 18.2 thousand kilograms in 2024, the volume is expected to rise 5.9% per year on average, reaching 21.47 thousand kilograms by 2028. In 2023, the import volume was 17.5 thousand kilograms. The year-on-year growth rates over the next few years are an indicator of a stable upward trend reflecting increasing demand and industrial usage in Italy.
Future trends to watch include:
- Global economic recovery and its impact on industrial demand.
- Technological advancements potentially increasing demand for these materials.
- Sustainability practices influencing the supply chain and sourcing strategies.
- Macroeconomic factors like currency fluctuations and tariff changes affecting import costs.
- Development of recycling technologies improving supply consistency.