In 2023, the sold production of steel line pipe welded of an external diameter more than 406.4 mm in Germany was an actual figure, serving as a basis for future projections. From 2024 to 2028, a decline is forecasted, starting from 561.72 million euros and decreasing each year to 328.23 million euros by 2028. This represents a substantial year-on-year decrease in value. The projected Compound Annual Growth Rate (CAGR) over the next five years is negative, indicating a significant downtrend in production value.
Future trends to watch for:
- Potential shifts in energy policy and their impact on pipeline demand.
- Technological advancements affecting steel production efficiency.
- Global economic factors influencing oil and gas infrastructure investments.
