The import of parts for electric motors and generators to Italy has seen fluctuations over the past decade. Actual data from 2013 onwards shows an initial decline followed by a period of recovery. In 2013, imports were valued at $606.37 million, decreasing to $493.23 million in 2014. Over the following years, the import values experienced ups and downs, peaking at $784.12 million in 2018. The value stood at $769.48 million in 2023.
Year-on-year variations and CAGR for the last two years reveal moderate growth with 1.59% in 2022 and 1.53% in 2023. The average annual growth rate (CAGR) over the past five years has been minimal at -0.38%, indicating a period of stagnation.
Forecasts from 2024 onward suggest a steady growth pattern with a forecasted 5-year CAGR of 1.2%, leading to a value of $830.14 million in 2028. This anticipated growth reflects a positive future trend for the industry.
Future trends to watch for include the increasing demand for electric vehicles and renewable energy solutions, which could drive the need for electric motor and generator parts, contributing to stable import growth.