In 2023, the import of spongy ferrous products in lumps, pellets, or similar form to Germany stood at an estimated value slightly below the forecasted 2024 level of 30.793 million kilograms. Projections indicate a steady year-on-year growth, culminating in an anticipated volume of 36.316 million kilograms by 2028. The year-on-year percentage variations from 2024 onward suggest an average increase of 4-5% annually, reflecting continuous demand and economic activities in the steel industry that drive imports.
Future trends to watch for include:
- Potential impacts of geopolitical changes, particularly relating to sourcing these materials.
- Shifts in environmental policies that may affect the importation and processing of spongy ferrous materials.
- Developments in technology that could alter supply chain efficiencies or product demand.
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