In 2023, the import volume of seamless steel line pipes into Germany, used for oil or gas pipelines, stood at earlier projections. Moving forward, forecasted data reveals a consistent year-on-year decline in import volumes from 2024 through 2028, with a significant decrease each year: 4.67% from 2024 to 2025, 4.86% from 2025 to 2026, 5.06% from 2026 to 2027, and 5.27% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years illustrates an average annual reduction of approximately 5%.
Future trends to monitor include:
- Potential shifts in domestic production capacity for seamless pipes to offset declining imports.
- The impact of evolving geopolitical factors and trade policies on import volumes.
- Technological advancements in alternative pipeline materials that might influence demand.