The unwrought aluminium market size in Germany, measured in volume, has shown fluctuating growth over the past decade. In 2023, the market stood at 3.3566 billion kilograms. Historically, year-on-year variations have ranged from a notable increase of 11.34% in 2016 to a significant decline of 7.64% in 2019.
The last two years witnessed marginal year-on-year changes, with an increase of 0.43% in 2022 and 0.42% in 2023. The compound annual growth rate (CAGR) over the last five years was -1.99%, indicating a slight contraction.
Looking forward, forecast data up to 2028 show a modest upward trend, with a 5-year CAGR of 0.32% and a total growth rate of 1.6%. This suggests a slow but steady recovery and growth.
Future trends to watch for include:
● Advancements in aluminium recycling technologies.
● Changes in demand from key industries such as automotive and construction.
● Impact of regulations and policies on aluminium production and imports.
● Global aluminium price fluctuations and their influence on the German market.
