The import of iron and non-alloy steel in ingots to Germany is projected to decline from 20.345 million kilograms in 2024 to 19.086 million kilograms by 2028. Comparing the figures from 2023 reveals a consistent year-on-year reduction, with a notable annual drop of approximately 1.6% to 1.7% towards 2028. Over the forecast period, the compound annual growth rate (CAGR) indicates an average yearly decrease of about 1.4%.
Future trends to watch for include potential shifts in global steel demand, trade policies affecting import tariffs, and technological advancements in steel production that might impact Germany’s import needs. Political and economic stability in steel-producing countries could also influence trends.
