The forecast for Germany's production of aluminium and aluminium alloy plates, sheets, and strip shows a gradual year-on-year increase from 2024 to 2028. Looking back at 2023, actual production stood at 2.9 billion kilograms. The forecasted values indicate an upward trend, with production expected to rise steadily by around 0.7% each year up to 2028. Over this period, the average Compound Annual Growth Rate (CAGR) is approximately 0.65%, reflecting consistent growth across five years.
Trends to watch for in the future include:
- Technological advancements and their impact on production efficiency.
- Fluctuations in global demand for lightweight materials, driven by the automotive and aerospace industries.
- Environmental regulations and sustainability trends influencing production practices and market dynamics.