The sold production of articles such as clasps, frames with clasps, and parts of base metal in Germany is forecasted to continuously decline from 2024 to 2028. Starting at 24.384 million euros in 2024, it decreases annually, reaching 22.619 million euros by 2028. This indicates a downward trend with a drop of approximately 1.5% to 2% year-on-year. The compound annual growth rate (CAGR) over this five-year period reflects a consistent reduction.
Future trends to watch include:
- Technological advancements in materials that could impact the demand and production processes.
- Shifts in global trade policies affecting raw material sourcing and export potential.
- Potential substitution of metal with alternative materials due to sustainability trends and cost efficiency.