The import of iron or steel nuts to Germany is projected to increase steadily from 157.46 million kilograms in 2024 to 174.24 million kilograms by 2028. This follows a pattern of consistent growth, with the year-on-year increase hovering around 2.75% to 2.80% over the forecast period. In 2023, the imports were slightly lower, reflecting this positive trajectory.
Looking forward, there are several trends and factors to monitor:
- The impact of Germany's industrial and construction expansions on steel and iron demand.
- Potential changes in trade policies or tariffs affecting import volumes.
- Technological advancements influencing import needs or efficiencies.
- Global market influences, including price fluctuations of raw materials.