The import of palladium unwrought or in powder form to Germany has shown significant fluctuations between 2013 and 2023. In 2023, the import value stood at 2833.4 million USD. Over the past decade, notable year-on-year variations include a sharp increase in 2017 of 101.63% and a substantial rise in 2018 by 37.01%. Conversely, declines were observed in 2015 (-13.56%), 2019 (-4.28%), and 2020 (-11.98%). The last five years showed an average annual growth rate (CAGR) of 3.40%, indicating moderate but steady growth.
Future projections for 2024-2028 forecast a continued upward trend with a five-year CAGR of 3.37%, resulting in an overall 18% growth by 2028. The import value is expected to reach 3523.6 million USD by 2028, reflecting a sustained demand.
Future trends to watch for include potential supply chain disruptions, technological advancements in palladium recycling, and shifts in automotive industry demand due to changes in emissions regulations and the rise of electric vehicles. Monitoring these factors will be crucial for understanding and predicting future import dynamics.