In 2023, the turnover in the wholesale of metals and metal ores sector in Germany stood at a notable position. The forecast for 2024 to 2028 depicts a gradual decline, from 59.36 billion Euros in 2024 to 57.7 billion Euros in 2028, suggesting a steady downward trend. The year-on-year variations show minor decreases each year, resulting in a Compound Annual Growth Rate (CAGR) indicating a slight negative growth over this period. This reflects potential challenges in the sector, possibly due to market saturation or shifting demand dynamics.
Future trends to watch for include:
- Global economic shifts impacting raw material costs.
- Technological advancements driving efficiency in metal usage.
- Sustainability practices influencing demand for recycled metals.
- Regulatory changes affecting trade policies.
