In 2023, the import value of iron or steel cloth, grill, fencing, and expanded metal to Germany was approximately 540 million US dollars. Forecast data suggests a steady increase in imports, with figures anticipated to rise to 550.06 million in 2024 and reaching 592.41 million by 2028. The year-on-year growth from 2023 to 2024 is about 1.87%, with subsequent annual increases averaging around 2% per year. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 2.3%, indicating moderate but consistent growth.
Future trends to watch:
- Global demand and supply chain dynamics post-pandemic could impact import costs and volumes.
- Changing regulations around construction and infrastructure in Germany may alter import needs.
- Technological advancements in material processing could influence product demand.