In 2023, Germany imported precious metal compounds, excluding gold, silver, and amalgam, valued at approximately $702.50 million. The forecast for 2024-2028 shows a steady year-on-year growth of around 0.2% to 0.3%, reaching $709.02 million in 2028. This translates into a Compound Annual Growth Rate (CAGR) of about 0.2% over the next five years, indicating a gradual and steady increase in imports of these precious metal compounds.
Future trends to watch for include:
- Potential market impact driven by technological advancements in industries using these metals.
- Geopolitical and economic factors influencing global trade and precious metal availability.
- Germany's environmental regulations and sustainability initiatives potentially affecting import demands.
