The production of steel line pipe in Germany, used for oil or gas pipelines with an external diameter exceeding 406.4 mm, is forecasted to decrease from 502.79 million kilograms in 2024 to 365.1 million kilograms by 2028. This represents a year-on-year decline in production levels each year. Specifically, the production is projected to decrease by 6.95% from 2024 to 2025, 7.39% from 2025 to 2026, 7.89% from 2026 to 2027, and 8.51% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is negative.
Future trends to watch include the impact of global energy transition policies on steel demand, fluctuations in oil and gas development projects, and technological advancements in pipeline manufacturing. The shift towards renewable energy could further influence the steel line pipe market dynamics.
