The forecast for Germany's production of longitudinally welded steel line pipe with an external diameter greater than 406.4 mm, used in oil or gas pipelines, indicates a declining trend from 2024 to 2028. Starting at 580.98 million kilograms in 2024, the production is expected to decrease by approximately 4.5% annually, dropping to 477.49 million kilograms by 2028. Previously, up to 2023, the figure stood at approximately 607 million kilograms, marking a steady contraction year-over-year. The compound annual growth rate (CAGR) over this five-year period highlights a consistent reduction in production volumes.
Future trends to watch for include the impact of geopolitical factors on global steel demand, the push towards renewable energy sources possibly reducing demand for pipeline materials, and technological advancements that may improve production efficiency or material alternatives. Additionally, policy changes regarding environmental regulations may influence production dynamics.
