Forecast: Import of Iron or Non-Alloy Steel Wire Containing More than 0,6 % of Carbon to Germany

The forecasted import volume of iron or non-alloy steel wire containing more than 0.6% of carbon to Germany shows a gradual decline from 111.09 million kilograms in 2024 to 107.61 million kilograms in 2028. This represents a steady year-on-year decrease of approximately 0.8% to 0.9%. If the import level in 2023 was higher, this continuous downtrend over the five-year period suggests a compounded annual growth rate (CAGR) negatively impacting the market. This decline could result from various factors, such as decreasing demand or increased domestic production.

Looking towards the future, key trends to watch for include potential changes in manufacturing and industrial policies that might affect steel import needs, as well as technological advancements which may alter material requirements. Additionally, any shifts in trade policies or tariffs, both domestically and internationally, could significantly impact these import trends.