Forecast: Sold Production of Ribbed or Other Deformed Wire Rod of Non-Alloy Steel in Germany

The forecast for Germany's ribbed or deformed wire rod production from 2024 to 2028 shows a consistent decline. Starting at 211.82 million Euros in 2024, the production value is projected to decrease to 196.66 million Euros by 2028. This decline represents a compound annual growth rate (CAGR) of approximately -1.8% over the five-year period.

Year-on-year percentage changes illustrate this trend, with an average annual decrease of just over 2%. From 2024 to 2025, there is a decline of 1.82%, and from 2027 to 2028, the decrease is steady at about 1.86%.

In 2023, actual production stood at around the same level as the 2024 forecast, indicating that this downward trend might have begun recently and is expected to continue.

Future trends to monitor include:

• Potential market recovery strategies in the European steel industry that could affect demand.
• Fluctuations in raw materials costs that could impact production economics.
• Technological advancements improving production efficiency or reducing costs that could alter forecasts.