The precious metals and non-ferrous metals manufacturing turnover in Germany has experienced a fluctuating trajectory from 2013 to 2023, with values ranging from 33.58 billion euros in 2014 to a peak of 49.78 billion euros in 2019. By 2023, the turnover stands at 48.71 billion euros. Over the past two years, there has been a modest year-on-year growth of approximately 0.8%. The Compound Annual Growth Rate (CAGR) over the last five years is about -0.023%, indicating slight stability after previous volatilities.
Looking forward from 2024, the forecast suggests a steady annual growth, with the turnover projected to reach 50.59 billion euros by 2028, reflecting a CAGR of 0.6% and an overall growth rate of 3.05% over the five-year period. This implies a stable growth trend in the coming years.
Future trends to watch for include the impact of global economic conditions on metal prices, advancements in manufacturing technology, shifts in demand from key industries such as automotive and electronics, and policy changes related to environmental regulations. Tracking these factors will be crucial for anticipating market fluctuations and opportunities in this sector.
