In 2023, the import of iron and non-alloy steel in primary forms to Germany was approximately 2.98 million kilograms. From 2024 to 2028, imports are forecasted to grow steadily, reaching 3.4654 million kilograms by 2028. The year-on-year percentage increase ranges from around 3.3% to 2.9%, showcasing a consistent upward trend. Over the last five years, the compound annual growth rate (CAGR) is projected to be approximately 3.2%.
Future trends to watch for include:
- The global economic factors that could impact steel demand and import costs.
- Technological advancements in steel production that might affect import necessity.
- Trade policies and their potential impact on Germany's import volumes.
- Environmental regulations influencing the import of iron and non-alloy steel.
