Forecast: Import of Petroleum Bitumen to Italy

In 2023, Italy's import of petroleum bitumen stood at 18.7 million US dollars. Forecast data from 2024 to 2028 indicates a gradual increase in import value, reaching 20.026 million US dollars by 2028. The year-on-year growth rate shows a consistent upward trend, with values increasing approximately by 1.4% to 1.5% each year. The compound annual growth rate (CAGR) over this period is expected to be around 1.7%, reflecting steady demand.

Future trends to watch for include:

  • Infrastructure development and road maintenance projects influencing demand.
  • Global oil price fluctuations impacting import costs and market strategies.
  • Growing environmental regulations potentially affecting petroleum product imports.

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