The import of wire rod for tyre cord to Germany is forecasted to increase significantly from 2024 to 2028, starting at 1.621 million kilograms in 2024 and reaching 2.36 million kilograms by 2028. The year-on-year variations indicate a consistent growth pattern. For instance, there's a rise to 1.8085 million kilograms in 2025, marking an approximate 11.6% increase from 2024. Likewise, the imports show an upward trajectory annually, reflecting the robust demand in the German market. In 2023, the imports stood at 1.45 million kilograms, setting the stage for this upward trend.
Future trends to watch:
- Continuing growth driven by increased demand in the automotive and tyre industries.
- Potential impacts from global steel market fluctuations and trade policies.
- Technological advancements in tyre production impacting the demand for wire rods.
- Environmental regulations influencing the materials and processes used in tyre cord production.