In 2023, the import value of slag wool, rock wool, and similar mineral wools to Germany was approximately 269.00 million USD. From 2024 onwards, the forecasted data shows a steady upward trend in import values, with an increase from 277.36 million USD in 2024 to 310.34 million USD in 2028. From 2024 to 2025, there is a projected year-on-year increase of roughly 3.06%. This growth continues consistently over the period, culminating in an overall compound annual growth rate (CAGR) of about 2.83% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Impact of Germany's environmental policies and energy efficiency standards on the demand for mineral wool insulation.
- Potential changes in construction activity and housing developments contributing to fluctuations in import volumes.
- Advancements in manufacturing technology which could affect the price and preference for domestic versus imported materials.