Based on forecasts from 2024 to 2028, Germany's import of ferrous waste or scrap, ingots of iron or steel is projected to gradually decline in value from 1.47 billion USD in 2024 to 1.3837 billion USD in 2028. This suggests a consistent annual decrease in the import value, reflecting a downward trend in the sector. For context, in 2023, the actual import value was marginally higher, indicating the start of this decline. The year-on-year variation shows modest decreases, while a five-year compound annual growth rate (CAGR) indicates a consistent negative trend, reflecting economic or market shifts.

Future trends to watch for include:

Potential policy shifts impacting imports, such as environmental regulations or trade agreements.
Technological advancements in steel recycling that could further reduce the need for imports.
Fluctuations in global steel demand and pricing, which could influence Germany's import needs and strategies.