In 2023, Germany's imports of electrical switches for a voltage of less than 1,000 volts amounted to 32.874 million kilograms. For 2024, the forecast is 33.473 million kilograms, representing a year-over-year increase of approximately 1.8%. The following years project steady growth: 2025 with a 1.9% increase, 2026 with 1.8%, 2027 with 1.7%, and 2028 with 1.7%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) stands at approximately 1.8%.
Future trends to watch for include:
- Technological advancements in electrical components leading to potential shifts in import demand.
- Policy changes around sustainability, possibly affecting production and import strategies.
- The impact of global supply chain dynamics and geopolitical tensions on import volumes.
