Forecast: Sold Production of Steel Tubes, Pipes, Hollow Profiles and Related Fittings in Germany

In 2023, the sold production of steel tubes, pipes, hollow profiles, and related fittings in Germany stood at an estimated 2.592 billion kilograms. The forecast for the years 2024 to 2028 shows a very slight downward trend, with production expected to decrease incrementally each year from 2.5917 billion kilograms in 2024 to 2.5887 billion kilograms in 2028. This trend reflects a year-on-year decrease of approximately 0.03% to 0.04% each year. The compound annual growth rate (CAGR) over this period suggests an average annual decline of about 0.03%.

Future trends to watch for include:

• Technological advancements in steel production and potential impacts on production efficiency.
• Fluctuations in global steel demand and their influence on German production levels.
• Environmental regulations and shifts towards more sustainable practices in the steel industry.
• Economic factors such as raw material costs and international trade policies.