In 2023, the import of rubber tubes, pipes, or hoses reinforced or combined with metal to Germany was 68.7 million kilograms. The forecast for 2024 indicates a value of 71.357 million kilograms, showing a projected year-on-year increase of approximately 3.87% over 2023. The projections for subsequent years up to 2028 indicate a steady growth, with the compound annual growth rate (CAGR) averaging around 3.59% for the period from 2024 to 2028. This trend highlights a consistent increase in demand for these products over the next five years.
Future trends to watch:
- The impact of technological advancements on the production and use of rubber pipes and hoses in various industries.
- Shifts in global supply chains and their effects on import patterns, especially regarding environmental regulations and sustainability requirements.
- The influence of economic factors such as currency fluctuations and trade policies on import volumes and costs.