In 2023, the import value of cold rolled stainless steel of a width of 600 mm or more and thickness more than 4.75 mm to Germany stood at approximately 142 million US dollars. The forecast for 2024 to 2028 indicates a steadily increasing trend, starting at 146.04 million US dollars in 2024 and reaching 160.54 million in 2028.
The year-on-year growth averages around 2.5% to 2.7% annually, with a compound annual growth rate (CAGR) over this period projected at approximately 2.5%. This reflects a consistent upward trajectory in imports, driven potentially by stable demand in German manufacturing sectors.
Trends to watch for include:
- Potential trade policy changes that might impact import tariffs or volumes.
- Technological advancements in production that could influence market dynamics.
- Economic fluctuations within the EU that might affect industrial demand.
