In 2023, Germany imported approximately 12.537 million kilograms of iron or steel hot-worked helical springs. The forecast indicates a rising trend from 2024 to 2028, with imports expected to reach 15.75 million kilograms by 2028. Year-on-year growth is predicted to be around 5% to 6%, with a compound annual growth rate (CAGR) over the five-year period of approximately 6%.
Future trends to watch for include:
- Potential shifts in global iron and steel production which may impact price and supply chains.
- Technological advancements in manufacturing processes that could affect demand.
- Germany’s industrial policy changes that might influence import volumes.