The forecast for Iron and Steel Waste Extra-EU28 imports to Germany shows a declining trend from 2024 to 2028, with values decreasing from 145.28 million Euros in 2024 to 119.0 million Euros in 2028. This indicates a consistent reduction in import levels annually over the period. Comparing to the value in 2023, this descent follows an expected pattern of gradual decline.
Year-on-year changes reflect a stable downward trend: from 2024 to 2025 by 4.66%, 2025 to 2026 by 4.79%, 2026 to 2027 by 4.92%, and from 2027 to 2028 by 5.09%. The Compound Annual Growth Rate (CAGR) for this five-year span is a negative trend.
Future trends to watch for:
- The impact of global sustainability efforts and recycling advancements, which may further influence import reduction of iron and steel waste.
- Trade policies affecting the EU and third-party countries that could alter the economic viability of such imports.
- Technological innovations in domestic steel production and recycling processes that could reduce reliance on foreign waste imports.