In 2023, the import of copper and copper alloy plates, sheets, and strip to Germany stood at approximately 54 million kilograms. Forecasted data for the upcoming years suggest a declining trend with a year-on-year decrease observed continuously. By 2028, imports are expected to decrease to around 51 million kilograms. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 indicates an average annual decrease, reflecting a potential easing in demand or increased self-sufficiency in Germany's copper alloy needs.
Future trends to watch for include:
- Global copper market price fluctuations which could impact import dependencies.
- Technological advancements in copper alloy substitutes potentially decreasing import demand.
- Economic and trade policy changes affecting import patterns in Germany.