In 2023, the import of iron or steel hot-worked laminated leaf-springs and leaves to Germany stood at approximately 40 million kilograms, marking the base for future forecasts. The forecasts from 2024 to 2028 indicate a steady growth, with imports expected to increase from 40.695 million kilograms in 2024 to 43.601 million kilograms by 2028.
Year-on-year growth rates display a consistent upward trend, showcasing Germany's increasing demand for these materials. The Compound Annual Growth Rate (CAGR) over the forecast period is positive, suggesting a stable expansion in imports.
Future trends to watch for include:
- The impact of technological advancements in material production that could influence import volumes.
- Potential changes in trade policies or agreements impacting import dynamics.
- Shifts in automotive and industrial production within Germany, which directly affect demand for leaf-springs.