In 2023, Germany imported iron or steel washers totaling approximately 37.95 million kilograms. The forecast for the following years shows a steady increase, with 2024 reaching 38.776 million kilograms and a continued annual rise up to 42.068 million kilograms by 2028.
The year-on-year variation ranges from 2.1% to 2.5%, highlighting a consistent growth trend. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.13%, indicating modest but stable growth in the import of these materials.
- Future trends to watch include potential impacts of global steel pricing dynamics, shifts in European manufacturing demands, and any trade policy changes that could influence import levels.
