In 2023, the import value of towers and lattice masts of iron or steel to Germany was approximately USD 400 million. The forecast from 2024 to 2028 shows a steady year-on-year increase, with import values projected to rise from USD 414.05 million in 2024 to USD 472.28 million in 2028. This represents a 2.5% CAGR over the five-year period, indicating consistent growth.
Future trends to watch include:
- Increasing demand due to infrastructure expansion and renewable energy projects.
- Potential impact of trade policies and international market dynamics on import costs.
- Technological advancements in steel manufacturing affecting tower and mast production.
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