In 2023, Germany's import of iron and steel waste from within the EU27 was recorded at an estimated 2.946 million metric tons. The forecast from 2024 to 2028 indicates a declining trend in imports, with year-on-year decreases showing a range between 6.56% and 7.76%. Analyzing the five-year period from 2023 to 2028, the compounded annual growth rate (CAGR) reveals an average reduction of approximately 7% per year.
Future trends to watch for include:
- Advancements in recycling technology could further impact import volumes.
- Regulatory changes within the EU27 and Germany's domestic policy can reshape market dynamics.
- Global economic conditions and demand for recycled materials may also influence import levels.