In 2023, the sold production of ingots, other primary forms, and long semi-finished products of stainless steel in Germany stood at 73.5 million kilograms. From 2024 onwards, forecasts show a downward trend, with a significant annual decrease in production volume. The year-on-year decline from 2024 to 2025 is about 9.5%, from 2025 to 2026 is approximately 10.4%, continuing with a similar pace, leading to a 9.8% decrease between 2026 and 2027, followed by a 12.9% decline in 2027 to 2028. The compound annual growth rate (CAGR) shows a decrease at around 10% per year over the five-year period from 2024 to 2028.
Key future trends to watch for include:
- Global demand fluctuations and their impact on German production levels.
- Technological advancements in sustainable production processes.
- Potential policy changes regarding environmental regulations impacting production.
- Competitive dynamics from emerging markets with lower production costs.
