In 2023, Germany's imports of agglomerated iron ore and concentrate were recorded at 16.89 billion kilograms. Forecasts indicate a steady increase in import volume to 18.067 billion kilograms by 2028. Year-on-year growth rates from 2023 to 2028 show a gradual increase, averaging around 1.9% annually throughout the five-year period, reflecting a consistent market demand.
Future trends to watch:
- Emerging technology in ore processing may influence sourcing preferences and import volumes.
- Sustainability measures within the steelmaking industry could impact demand for traditional iron ore sources.
- Global economic fluctuations and trade policies may alter supply chain dynamics affecting import levels.