In 2023, Germany's aluminum production stood at 554.35 thousand metric tons. Moving forward, the forecasted values indicate a consistent increase from 556.44 thousand metric tons in 2024 to 564.63 thousand metric tons by 2028. The year 2023 marked the beginning of this upward trend, with a year-on-year increase expected to be around 0.38% in 2024. Over the subsequent years, the average annual growth rate (CAGR) is projected to be around 0.46%, reflecting a steady growth in aluminum production volume.
Future trends to watch for include the potential impact of advancements in recycling technologies, shifts in global demand driven by renewable energy developments, and changes in environmental regulations. These factors could significantly influence production patterns and capacity expansions in Germany's aluminum industry.
