In 2023, Germany's import value of aluminium alloy rectangular plates, sheets, and strips stood at approximately $3.37 billion. The forecast shows a steady increase with values rising from $3.46 billion in 2024 to $3.83 billion in 2028, indicating moderate year-on-year growth rates. Specifically, the import value is predicted to grow by about 2.71% annually on average over the five-year period, as represented by the compound annual growth rate (CAGR).
Future trends to watch for include:
- Fluctuations in global aluminium prices that could affect import costs.
- Germany's industrial demand, particularly in automotive and construction sectors, impacting import volume.
- Trade policies and geopolitical events potentially influencing trade flows and tariffs.
- Advancements in recycling technology reducing reliance on imports.