The import of hot-rolled bars in bearing steels to Germany is projected to decrease from 30.435 million kilograms in 2024 to 22.237 million kilograms in 2028. If we consider a linear decrease over these years, annual declines suggest a steady reduction in demand. In comparison to 2023, where the value was 32 million kilograms, 2024 marks a noticeable drop indicating early signs of a downward trend.
Future trends to watch for include:
- Potential shifts in the automotive and machinery industries that could affect the need for bearing steels.
- Trade policies and economic conditions influencing import dynamics and steel demand.
- Innovations in alternative materials that could lead to substitutions affecting import volumes.
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