The forecast for the import of welded casing and tubing used in drilling for oil or gas, with an external diameter less than 406.4 mm of stainless steel to Germany, shows a steady year-on-year increase from 2024 to 2028. Starting at 31.32 thousand kilograms in 2024, the imports are expected to grow annually by about 6.5%, reaching 39.45 thousand kilograms by 2028. The compound annual growth rate (CAGR) over this period is around 6.6%, indicating sustained demand and possible expansion in drilling activities.
Future trends to watch for include:
- Changes in global oil and gas exploration activities that might affect stainless steel demand.
- Technological advancements in drilling equipment impacting material requirements.
- Environmental policies in Germany influencing import strategies.
