The import of hydraulic brake fluids and other prepared liquids for hydraulic transmission to Germany is experiencing a steady growth trajectory. In 2023, the imports were 16.165 million kilograms. The market is forecasted to increase to 16.542 million kilograms in 2024, marking a year-on-year growth of approximately 2.33%. This upward trend continues, with figures reaching 18.051 million kilograms by 2028. The Compound Annual Growth Rate (CAGR) between 2024 and 2028 is projected to be 2.23%, indicating a consistent and moderate increase in imports over this period.
Future trends to watch for:
- Technological advancements in hydraulic systems enhancing fluid demand.
- Regulatory changes impacting import volumes.
- Emerging competition from alternative transmission technologies.
- Environmental concerns molding industry practices and fluid formulations.
