The forecasted import of welded casing and tubing for drilling oil or gas into Germany indicates a steady growth. From 2024's 197.64 thousand kilograms to 2028's 274.14 thousand kilograms, the imports are expected to increase significantly. This growth reflects an average annual growth rate (CAGR) of 8.44% over the five-year period.
Future trends to watch for:
- Supply chain stability and geopolitical factors affecting steel manufacturing.
- Increasing domestic demand for oil and gas extraction equipment in Germany.
- Technological advancements in drilling requiring specialized tubing materials.
- Environmental regulations influencing the import and use of steel products.
