The import of base metal mountings and fittings suitable for motor vehicles to Germany is set to increase gradually from 63.387 million kilograms in 2024 to 70.379 million kilograms by 2028. Compared to 2023, where actual data showed slightly lower imports, the forecast represents a steady growth. The year-on-year growth rates show an average increase of around 2.47% annually over this period. This sustained upward trend suggests a solid demand for these components in Germany’s automotive sector.
Future trends to watch for include:
- Potential shifts in automotive manufacturing to electric vehicles (EVs), which might alter the demand for certain base metal fittings.
- Changes in trade policies affecting import tariffs or supply chain disruptions.
- Technological advancements in automotive components potentially influencing the types and quantities of required fittings.