In 2023, Germany's import of articles made of iron or steel was valued at approximately 25.5 billion US dollars. The forecast for 2024 to 2028 indicates a gradual increase, starting at 26.028 billion in 2024 and reaching 28.053 billion by 2028. This represents a compound annual growth rate (CAGR) of around 1.92%. The year-on-year growth fluctuates moderately, showing consistent upward momentum in import value.
Future trends to watch for include potential impacts from global economic conditions, trade policies affecting steel tariffs, or supply chain constraints, which may alter the trajectory of these projections. Environmental regulations and technological advancements in steel production may also influence import dynamics.
