In 2023, Germany imported 250 million kilograms of hot rolled bar and rod grooved iron or non-alloy steel in irregular coils. From 2024 to 2028, the forecast shows a steady increase in imports, rising from 260.55 million kilograms in 2024 to 299.47 million kilograms in 2028. The year-on-year growth rates are 3.85% from 2024 to 2025, 3.63% from 2025 to 2026, 3.43% from 2026 to 2027, and 3.25% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately 3.54%.
Future trends to watch for include potential shifts in global steel demand, changes in trade policies that might affect import volumes, and advancements in manufacturing techniques which could impact domestic steel production and thus reliance on imports.
