Between 2012 and 2022, the Iron and Steel market size in Germany exhibited significant fluctuations. Starting at 47.474 billion kilograms in 2012, the market peaked at 53.715 billion kilograms in 2013 before entering a downward trend. This decline was characterized by sharp year-on-year drops such as a -16.05% in 2015 and consistent decreases through to 2022, which saw the market size fall to 33.713 billion kilograms. The five-year CAGR from 2017 to 2022 was -2.29%, indicating an average annual reduction in market size.
Trends over the last two years, from 2020 to 2022, showed a steady but smaller rate of decline, with year-on-year variations of -3.38% and -1.95% respectively. As of 2023, the market is expected to be slightly below the 2022 value, signaling ongoing market contraction.
Future trends to watch for:
- Adoption of green technologies and sustainable practices in iron and steel production.
- Impact of global economic conditions and trade policies on market dynamics.
- Advances in material science potentially redirecting demand from traditional iron and steel to alternatives.
How does Germany rank in Iron and Steel Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36,481,000,000 | 2023 | -0.03% | -0.53% | View data |
| 2 | 2 Germany | 29,927,000,000 | 2023 | -5.37% | -4.34% | |
| 3 | 3 Spain | 10,083,000,000 | 2023 | -1.06% | -0.85% | View data |
| 4 | 4 Czech Republic | 6,161,300,000 | 2023 | +3.1% | +3.3% | View data |
| 5 | 5 Denmark | 2,525,500,000 | 2023 | +2.84% | +2.05% | View data |
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