The import of not self-propelled boring or sinking machinery to Germany is expected to experience a significant decline over the forecast period from 2024 to 2028. In 2023, the import value stood at a higher level, suggesting a substantial retreat over the upcoming years.
The year-on-year variation shows a steady decline:- 2024: 3.77 million USD- 2025: 2.92 million USD- 2026: 2.09 million USD- 2027: 1.27 million USD- 2028: 0.47 million USD
The Compound Annual Growth Rate (CAGR) highlights a diminishing trend in import values, reflecting an average annual decrease over the specified period.
Looking ahead, factors to watch include changes in Germany’s infrastructure projects, technological advancements, and shifts towards domestic manufacturing capabilities, which could further influence import volumes.
