In 2023, the import volume of palladium unwrought or in powder form to Germany was not specified, but based on the forecast data from 2024 onward, a consistent increase is projected. From 2024 to 2028, the annual import volume is anticipated to rise from 107.58 to 123.27 thousand kilograms, indicating a steady growth trend. The year-on-year growth rate from 2024 to 2025 is approximately 3.76%, with a similar trend observed in subsequent years. The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to be around 3.53%.
Trends to watch for in the future:
- Monitor the automotive industry's demand as palladium is essential for catalytic converters, which could significantly influence import volumes.
- Track changes in environmental regulations that could impact the palladium market, especially regarding its use in emissions control technologies.
- Watch for shifts in global supply chains or geopolitical events that may affect palladium availability and Germany's import strategy.
