Forecast: Iron and Steel Market Size Value in Germany

The iron and steel market in Germany has experienced varied trends over the past decade. From 2013 to 2023, the market value fluctuated with notable declines, including a significant drop from 2013 to 2015. Despite a slight recovery in 2020 and 2021, the market saw a moderate downturn in 2022 and 2023. Specifically, the value stood at 32.491 billion Euros in 2023. The year-on-year variation for the last two years was a decrease of 1.92% in 2022 and 1.9% in 2023. Over the past five years, the compound annual growth rate (CAGR) was 1.67%.

Future trends indicate a gradual decline in market size with the forecasted CAGR from 2024 to 2028 being -1.57%, leading to a total decline of 7.61% by 2028. Key factors to watch include advancements in production technology, fluctuations in raw material costs, and potential impacts from global trade policies and environmental regulations.