The production value of structural metal products in Germany in 2023 stood at €29.89 billion. This value represents a steady increase from the €24.31 billion recorded in 2013. After an initial period of fluctuation, a noticeable upward trend can be observed starting in 2016, with several consecutive years of growth, peaking at €31.45 billion in 2019.
However, the industry saw a decline of 9.78% in 2020, likely due to the global disruptions caused by the COVID-19 pandemic. Recovery followed with modest growth rates of 3.36% in 2021 and 0.96% in 2022, and a slight increase of 0.94% in 2023.
Future forecasts predict continued growth, though at a slower pace, with the value expected to reach €31.23 billion by 2028. The compound annual growth rate (CAGR) over the next five years is projected to be 0.7%, indicating a more stable but gradual upward trend compared to the previous periods.
Future trends to watch for include:
- The impact of technological advancements on production efficiency and costs.
- Changes in demand driven by shifts in construction and manufacturing sectors.
- Influence of global economic conditions and trade policies on the German market.
- Environmental regulations and their effect on production methods and costs.
