In 2023, Germany's non-ferrous metal domestic material consumption stood at 7.73 million metric tons. From 2024 to 2028, the consumption is forecasted to decrease consistently, dropping from 7.6 million in 2024 to 7.09 million metric tons by 2028. The year-on-year variation shows a steady decline of roughly 1.71% annually. This indicates a negative CAGR over the forecast period, reflecting a gradual reduction in consumption.
Future trends to watch for:
- Technological advancements in recycling and production efficiency could influence consumption patterns.
- Economic shifts or policies affecting the industrial sector might alter consumption trends.
- Global supply chain changes, such as trade policy alterations, could impact material availability and price.
