The forecast for Germany's import of compounds of rare earth metals, yttrium, or scandium shows steady growth from 2024 to 2028. In 2023, imports stood at 10.040 million kilograms. With values increasing progressively each year, the year-on-year growth rate moves upwards from 1.41% in 2024 to 1.27% by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at 1.36%, reflecting a stable upward trend in import volumes.
Future trends to watch for:
- Technological advancements and alternative materials that could influence demand.
- International trade policies affecting the rare earth metal market.
- Environmental regulations impacting extraction and importation processes.
