In 2023, the import value of agglomerated iron ore and concentrate to Germany stood at an actual value not specified here, however, from 2024, the figures are forecasted to grow steadily from 1.898 billion USD, reaching 2.0224 billion USD by 2028. Year-on-year growth averages between 1.5% to 1.6%, while the compound annual growth rate over the five-year period displays a steady increasing trend.
Future trends to watch for include:
- Potential shifts in global iron ore supply chains due to geopolitical tensions or environmental regulations.
- Technological advancements in ore processing and steel production that may impact demand.
- Fluctuations in the global steel market influencing import volumes and prices of iron ore.