The import of cold rolled stainless steel to Germany, with a width of 600 mm or more and a thickness less than 0.5 mm, is projected to increase gradually from 2024 to 2028. In 2023, the import volume stood at 26.1 million kilograms. Forecasted data shows a steady growth, with a projected 2% year-on-year increase in 2024, continuing this upward trend each subsequent year until 2028, reflecting a consistent Compound Annual Growth Rate (CAGR) of approximately 1.9% over the five-year period.
Future trends to watch include:
- Technological advancements in steel production that could impact import demands.
- Potential trade policy changes between Germany and major steel-exporting countries.
- Fluctuations in global market prices for raw materials.
