The re-import of coated electrodes of base metal for electric arc-welding to Italy has significantly decreased over the past five years, with volumes dropping from 916 kg in 2018 to 158 kg in 2022. The year-on-year variation highlights a continual downtrend, with an average decrease of approximately 30% each year over the last two years, and a compound annual growth rate (CAGR) reflecting a steady decline over this period. As of 2023, the import volume stood notably lower than in previous years.
Future trends to watch for include:
- Changes in domestic production capacity could further influence re-import levels.
- Potential shifts in global trade policies may impact import tariffs and costs.
- Technological advancements in welding technology could alter raw material requirements.
- Sustainability trends potentially encouraging the reduction of imports through local sourcing.