Forecast: Import of Hot-Rolled Bars of Silico-Manganese Steel to Germany

The forecast for the import of hot-rolled bars of silico-manganese steel to Germany from 2024 to 2028 shows a steady upward trend. Starting from 5.6581 million kilograms in 2024, the imports are expected to grow annually, reaching 6.8472 million kilograms in 2028. The growth represents a consistent increase in demand or utilization, with each year showing a progressive rise over the previous year indicating a robust trend in imports.

Year-on-year, the import volumes are forecasted to increase by approximately 5.32% from 2024 to 2025, about 5.01% from 2025 to 2026, and likewise maintain this growth pattern up to 2028. The compound annual growth rate (CAGR) estimated over this period suggests an average annual increase of around 4.82%.

Future trends to watch for include potential fluctuations in global steel demand or changes in Germany's steel production capacity. Also, monitoring economic indicators and trade policies in the EU and might provide insights into future adjustments in the import patterns of silico-manganese steel bars.